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  • G20 doubles IMF's war chest amid fears on Europe

    From reuters.com

    Read Full Story at reuters.com

    Leading world economies on Friday pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis. The promised funds from the Group of 20 advanced and emerging economies aim to ensure the IMF can respond decisively should the debt problems that have engulfed three euro zone countries spread and threaten a fragile global recovery. "This is extremely important, necessary, an expression of collective resolve," IMF Managing Director Christine Lagarde said. "Given the ... (full story)

    • spaizkadett

      267 posts
    • On the surface, this should make EUR stronger, however, the speculators wants the money IMF has been given and they will stop at nothing and therefore this will end up being negative and the bears will again be in control

    • oneightwenty
      oneightwenty's Avatar

      532 posts
    • Quoting spaizkadett
      On the surface, this should make EUR stronger, however, the speculators wants the money IMF has been given and they will stop at nothing and therefore this will end up being negative and the bears will again be in control
      I share your opinion. The race is on to drag SpaIntaly down and get a hand on the funds.

    • TraderUSA

      809 posts
    • Quoting spaizkadett
      On the surface, this should make EUR stronger, however, the speculators wants the money IMF has been given and they will stop at nothing and therefore this will end up being negative and the bears will again be in control

      Quoting oneightwenty
      I share your opinion. The race is on to drag SpaIntaly down and get a hand on the funds.
      The Euro crisis is far more serious then most people realize, so even with the promises to pledge to the IMF will not do the job. China refuses to step up take a leadership to protect his own interest (Euro is China #1 consumer)...So here we go, the truth finanlly reveal soon.

    • Slim Buffett
      Slim Buffett's Avatar

        1,326 posts
    • We'll see what happens after E/U returns to the 1.3300 area ??

    • tradersean

      10 posts
    • This could just be what is needed to get the herd to go long so the major players can short the market. We all know the short is coming, but the big money can not sell too much at one time or they will lose profits. They need to keep prices high for a while so they can get the majority of their orders in.

    • jonahky7

      4,531 posts
    • Well I believe the issues faced in US is not any better than Europe to be honest.

      It's about time that IMF appoint a chair that's neither from Euro or US la la land. It's obvious that whatever Christine "Lager" is doing now, it's only for the bloody benefit of Euro la la land while sucking monies out from development countries - just WTF is that to mean? Lazy bums not working gets free monies. So am I right to say that it's wrong to say China is a communist country!!! Why? Becos fat bastards we have both in Euro and US believes in getting free money even if they don't work or pay tax (so who has not been paying tax, was it Greece lol?) - that's the basic principle of communism.

    • turanius

      355 posts
    • Quoting jonahky7
      Well I believe the issues faced in US is not any better than Europe to be honest.

      It's about time that IMF appoint a chair that's neither from Euro or US la la land. It's obvious that whatever Christine "Lager" is doing now, it's only for the bloody benefit of Euro la la land while sucking monies out from development countries - just WTF is that to mean? Lazy bums not working gets free monies. So am I right to say that it's wrong to say China is a communist country!!! Why? Becos fat bastards we have both in Euro and US believes in getting...
      Do you think that dictatorship which is leading Europe is better than communism? I believe what is happening right now, is stealing the sovereignity from people in Europe suddenly, which is far worse than communism where people are used to live with centuries that is not that bad for them than for European who are getting taken away their sovereignity so quick which is much worse than anywhere else and therefore EUR and Europe is killing itself with these morons who think they can decide above everyone else (people who supposed to own their own country) putting up such a dictatorship suddenly instead of listening what people want and doing so and not deciding and driving the economy through the decisions of a private bank or unelected morons...be it ECB or Brussel bureucrats!

      At least, Peoples Bank of China is not owned by the family (whose name is known) like IMF, FED, ECB and BOE.

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