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

|By:, SA News Editor

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.