Tuesday, November 29, 2011

Euro zone wants IMF to act as lender of the last resort

Euro Nations Renew Talk of IMF Role

By James G. Neuger and Gregory ViscusiEurope’s effort to expand its bailout fund is falling short, forcing euro-area finance ministers to consider greater roles for the International Monetary Fund and the European Central Bank to insulate Spain and Italy from the debt crisis.
Comment: Bail-in for the bail-out.

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