The IMF plans to contribute €18B, or 14% of the €130B 2nd rescue package for Greece. This is...

|By:, SA News Editor

The IMF plans to contribute €18B, or 14% of the €130B 2nd rescue package for Greece. This is less then the 27% contribution to the 1st bailout as the agency tries to balance between staying involved while limiting its exposure to a country almost surely needing either another rescue, default, or both. (The PR says €28B, but this includes €10B from the first rescue not yet disbursed).