Saturday, March 10, 2012

IMF to restrict 2nd Greek bailout contribution to 14% or €18 Billion!

The report from ekathmerini is linked here. The good news is that IMF contributions have been considerably scaled back from the level at almost one third for the IMF in the first package. Britain also paid in via the EFSM which should have no future contributions to make, and the ESM that will replace the EFSF involves only the collapsing economies of the Euro Group!

IMF contributions will continue to be first in line for repayment! Even with Mme Lagarde still in charge!



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