"CNBC's Steve Liesman is reporting that the Treasury has "no intention" of contributiong more money to an IMF-led effort that would help bail out Europe.
In fact, CNBC reports, the Treasury says the IMF had intended that European countries would raise their funding to $1 trillion on their own.
This follows reports early today that the IMF will seek $500 billion in additional funds to boost its lending capacity to $1 trillion.
So far, markets have barely reacted to the news..."
at http://www.businessinsider.com/treasury-to-europe-sorry-were-not-helping-you-boost-the-imf-2012-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1jpz6UKKr
In fact, CNBC reports, the Treasury says the IMF had intended that European countries would raise their funding to $1 trillion on their own.
This follows reports early today that the IMF will seek $500 billion in additional funds to boost its lending capacity to $1 trillion.
So far, markets have barely reacted to the news..."
at http://www.businessinsider.com/treasury-to-europe-sorry-were-not-helping-you-boost-the-imf-2012-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1jpz6UKKr
