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December 01, 2010

Remember that Euro-contagion I warned you about last night? [Fritzworth]

That didn't take long:

The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.
"There are a lot of people talking about that. I think the European Commission has talked about that," said the U.S. official, commenting on enlarging the 750 billion euro ($980 billion) EU/IMF European stability fund. "It is up to the Europeans. We will certainly support using the IMF in these circumstances."

As per the post last night, it's a matter of: do you let the countries fail or the banks fail? Hat tip to the Drudgester. ..fritz..

posted by Open Blogger at 04:28 PM

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We will certainly support using the IMF in these circumstances." As per the post last night, it's a matter of: do you let the countries fail or the banks fail? Hat tip to the Drudgester. ..fritz.. posted by Open Blogger at 04:28 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments four seasons: " Hello ..." BurtTC: "MLB broke their own DH rule (changed it) so Ohtani ..." gdgm+: "Well... bye. ..." 18-1: "Looks like "baby birding" got popular a few years ..." 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