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09:45 3/12/2011 - Πηγή: Olympia

“I’m adamantly against the IMF being involved in this,” he said

“We’re throwing good money after bad down a hole that I think is not a solvable problem,” he said.

“Europe is going to default eventually, so why would you socialize their profligate spending,” he added.

“We need some transparency about what’s really going on,”

“It’s hard to get information. We’re talking about U.S. taxpayer dollars being involved in the European

bailout. The administration needs to be honest with the XXXXX. I believe XXXXX needs to be involved in making this decision.”

“If circumstances require, the G-20 will commit the resources that are necessary for the IMF to play its systemic role,” she said, according to Bloomberg. “That gives you a range that is almost without a cap, without a limitation.”

“I’m really leery and skeptical about having the IMF be the point on that because that exposes the U.S. because we’re such a big funder of the IMF,”

I don’t know why the European Central Bank wouldn’t do that directly as opposed to going through the IMF except to get other nations drawn in,” he added. “It’s not our best interests or Europe’s best interests to have the United States bailing out countries that need to deal with their own issues.”

“There’s a lot of concern,” he said. “The reason we’re in the situation we’re in [is] because of excessive debt in the industrialized world.”

The EU system does not have ability to impose conditionality, but the IMF does,” he said.

European leaders set a $1.3 trillion goal for an expanded bailout fund. If it failed to recoup its loans, U.S. taxpayers would face a liability of more than $200 billion.

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Ευχαριστω τον Αρχαίο για τα “νεα”..!

Interfering Money Foreigners

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