Looks like the communists running the EU want to expose the IMF and the nations that fund it to massive risk...

I say if you want to save these countries instead of letting them opt out of the single currency then YOU take the risk on your own.



Worries grow over IMF loans to Europe..

(Reuters) - The prospect of European heavyweights like Italy or Spain turning to the IMF for rescue loans is worrying the United States and other nations that fear they could suffer losses on funds they have extended to the IMF.

The International Monetary Fund cannot be expected to step in as a substitute for a stronger commitment by Europe which needs to assume the brunt of any losses on emergency loans, a senior US official said on Friday.

Mario Blejer, a former Argentine central bank governor, argues that Europe should take care of its own and bear the full risk of any default.

"The IMF's seniority is an unwritten principle, sustained in a delicate equilibrium, and high-volume lending is testing the limit," Blejer and Eduardo Levy Yeyati, a senior fellow at the Brookings Institution, wrote recently.

"From this perspective, the proposal to use the IMF as a conduit for ECB resources -- thereby circumventing restrictions imposed by European Union's treaties -- while providing the ECB with preferred-creditor status, would exacerbate the Fund's exposure to risky borrowers," Blejer and Yeyati said.

"This arrangement could be seen as an unwarranted abuse of Fund seniority that, in addition, unfairly frees the ECB from the need to impose its own conditionality on one of its members."

http://www.reuters.com/article/2011/12/10/us-eurozone-imf-idUSTRE7B822O20111210

The World is Bankrupt Now

Richard Salbato



The real world banking system, the Rothschild bankers, the Federal Reserve and IMF know that the world is broke but pretend that it is not in order to hold together a little longer to make as much money as possible until it fails.

Its unbelievable to most people's comprehension, but sadly true, ONE family holds the Fate of Billions of people in its hands, because they OWN the Worlds major banks, and money is power.