Imf Warns On Funding Levels If Crisis Worsens

[interestrateripoff]

http://www.bbc.co.uk/news/business-15051883

The International Monetary Fund (IMF) has warned it may not have enough money to bail out larger eurozone countries if the debt crisis were to spread.

IMF chief Christine Lagarde says the global lender can meet its current obligations but this could change if the crisis worsens.

Publicly, world leaders have said there is "no plan" for a Greek default.

But reports suggest leaders are working on a plan to allow Greece to default on its debts and remain in the euro.

It is believed that policymakers feel they need to concentrate on recapitalising banks and boosting the funds of the European Financial Stability Facility (EFSF).

Clearly the IMF need to leverage and even more they need to be able to print their own money out of thin air. Luckily things won't get any worse and as long as we get house prices moving back upwards we'll all be saved.

Edited September 25, 2011 by interestrateripoff

[_w_]

http://www.bbc.co.uk...siness-15051883

Clearly the IMF need to leverage and even more they need to be able to print their own money out of thin air. Luckily things won't get any worse and as long as we get house prices moving back upwards we'll all be saved.

"Save France now! Just pay the money now or you will really hurt later."

I get the feeling I have heard something very similar from a Greek minister recently?

Edited September 25, 2011 by _w_

[plummet expert]

http://www.bbc.co.uk/news/business-15051883

Clearly the IMF need to leverage and even more they need to be able to print their own money out of thin air. Luckily things won't get any worse and as long as we get house prices moving back upwards we'll all be saved.

I am sure they can get to PC World to buy a new printer, thick paper and desk top currency package. The Bank of E could probably recommend just the right software...

[james7]

It is logical thinking that if Greece defaults on its debts and remains in the Euro, the Euro should be worth less, possibly a lot less, in comparison with other currencies, such as the UK pound, the USD, the CAD, and others. However, the powers in Brussels will not allow the Euro to be devalued as it should be, so we will have continuous turmoil in the markets until the governments (Germany, France, Greece, etc), and the government of governments (the European Union) stop playing with funny money. This time the Euro should be doomed completely, but whether it is or not, only time will tell.