Eurozone Crisis – IMF Intervening as a Consultant, Not as a Bank
In one of these days interviews, IMF Managing Director Christine Lagarde has suggested that the institution it leads kight go out of its biggest tool to intervene into the countries – its money. If in the past IMF used to help much smaller economies from Latin America or Asia, in the latest Eurozone crisis IMF needs to step in for much larger countries. Spain or Italy are no small feat for it – actually the financial aid for this country is (in the worst case scenario) far beyond IMF’s needs.Read More »Eurozone Crisis – IMF Intervening as a Consultant, Not as a Bank