-
IMF backs Draghi; says Spain, Italy have done enough
The International Monetary Fund on Sunday strongly backed the European Central Bank's plan to staunch the euro zone debt crisis with unlimited bond purchases, saying it was ready to get involved in designing and monitoring its implementation. IMF Managing Director Christine Lagarde also said large, debt-strapped euro zone countries Spain and Italy had taken enough action to repair their finances to merit aid from the rest of the European currency union. But, amid pressure on Madrid to request a full European bailout, Lagarde left open the scale of the IMF's possible involvement in ECB head Mario Draghi's plan, which ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 9, 2012 8:17am Sep 9, 2012 8:17am
- pip_trader
- | Commercial Member | Joined May 2012 | 136 Comments
- Comment #2
- Quote
- Sep 9, 2012 8:43am Sep 9, 2012 8:43am
- pinkiaiii
- | Joined Dec 2010 | Status: monkey keyboard warrior | 81 Comments
- Comment #3
- Quote
- Sep 9, 2012 8:47am Sep 9, 2012 8:47am
- Guest
- | IP XX.X.227.214
- Comment #4
- Quote
- Sep 9, 2012 10:45am Sep 9, 2012 10:45am
- seanosms
- | Joined Nov 2009 | Status: Member | 142 Comments
- Comment #5
- Quote
- Sep 9, 2012 4:30pm Sep 9, 2012 4:30pm
- harigp
- | Joined Jun 2008 | Status: Divergence Seeker | 17 Comments
- Comment #6
- Quote
- Sep 9, 2012 4:57pm Sep 9, 2012 4:57pm
- Greener
- | Joined Jan 2010 | Status: Member | 667 Comments