Pages

Sunday, September 25, 2011

From the Drudge Report: IMF Will Need Bailout -- E-Coffin

Link here

I doubt many care about the IMF needing a bailout -- after all, it's just another entity that needs a bailout.

But I love the meeting's name: E-Coffin.
Timothy Geithner, the US Treasury Secretary who proposed an increase to the EFSF at the Ecofin meeting on September 16, said that the sovereign debt pressures and banking strains in Europe were "the most serious risk now confronting the world economy". Larry Summers, Barack Obama's former chief economic adviser who was attending his 20th IMF meeting, said: "I have not been at a prior meeting at which matters have had more gravity." 
I can't make this stuff up. 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.