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Election-year politics means the U.S. will not be part of $400B in additional funding for the...

Election-year politics means the U.S. will not be part of $400B in additional funding for the IMF, writes Bruce Krasting, but Switzerland is of even more interest. Based on other countries' contributions, Switzerland might be expected to chip in $12B. However, the IMF has blasted the country for setting a floor on the euro/franc rate. If Switzerland writes a check for $25B or more, look for that criticism to go away.
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Comments (3)
  • Elliott Auckland
    , contributor
    Comments (119) | Send Message
     
    Very good point, and it seems the magic is working with regard to China aswell. Lagarde was quite praising of their move opening up the trading bands of the Yuan.
    19 Apr 2012, 03:17 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    hmmm only $25 billion, how about going for $75.
    19 Apr 2012, 03:32 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    "Election-year politics means the U.S. will not be part of $400B in additional funding for the IMF"

     

    Does that mean that Obama feels he will have more room to maneuver after the election?
    19 Apr 2012, 04:09 PM Reply Like
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