UK Telly Picks Up IMF Lending Limit Problem Bloomberg Concealed and AP Missed or Ignored
Sometimes, I think that we wouldn't have a useful press at all if it weren't for the British press. The big news out of the International Monetary Fund this weekend was, as reported by the UK Telegraph , that it “may need billions in extra funding.” Specifically, it “may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.” In other words, the IMF doesn't have enough money to address the potential problems it sees on its own: The head of the IMF has warned that its $384bn (
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on September 25, 2011. Filed under