Spain doesn't necessarily need IMF loan assistance, says Managing Director Lagarde. Of course it...

|By:, SA News Editor

Spain doesn't necessarily need IMF loan assistance, says Managing Director Lagarde. Of course it doesn't now that the ECB has pledged to buy its debt (once the country submits to its conditions). Lagarde seems to view the IMF's role as continually crying wolf (I, II) about dire financial conditions in the hope of scaring up central bank and government policy action.