Commentary & Content Curation Since April 2005
(FKA China Confidential)
Saturday, June 09, 2012
IMF Pressuring Spain to Accept Money Tied to More Austerity
Lagarde Strikes Again!
The austerity-mad IMF is engaging in risky brinksmanship, releasing a report early in order to pressure Spain, a Euro Zone country that is now paradoxically considered both too big to fail and too big to bail out. It may need a whopping 100 billion euros.