Thursday, March 15, 2012

IMF changes rules to fit Greece and the Euro Zone.

The full report is in the Wall Street Journal linked here. The following is an even more eye-opening quote than this posting's headline, from the content of the article:

The fund has lent Greece proportionally more compared to Athens's IMF contributions than any other country in the fund's history. Also, most of the IMF's lending resources have been promised to euro-zone nations.

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