Tuesday, July 26, 2011

IMF could soon seek yet more funding!

Only days after Westminster nodded through almost £10 billion pouns worth of extra funding, another request for extra cash could soon be on its way, according to this report from Fox News.

Bloomberg, read between the lines, from this link, seems to suggest that there is a hint of panic about the EU deal, in the words of the new head of the IMF. The fixed grin of your normal synchronised swimmer, it appears, may soon struggle to remain in place! A small quote is here:

“Turbulence could easily resurface,” even though the agreement by the 17-country euro region’s leaders “has been welcomed by financial markets,” Lagarde said according to remarks prepared for delivery in New York today. “For this reason, it is essential that the summit’s commitments should be implemented quickly.”

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