Wednesday, September 28, 2011

Don’t Give them One Red-Eye Abe Lincoln

The plan, which would aim to build a "firebreak" around the indebted eurozone countries, emerged at the IMF annual meeting in Washington where global leaders united to demand urgent action from European politicians.
They should have just called it the “EMF” to begin with. The rest of the developed world will be made to pay for Europe’s addiction to welfare.
The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states.
Just a reminder: the EU is the single richest nation-state entity on earth, and yet it’s the Europeans who have used the IMF more than any other region on earth in the history of the institution.

Now you know why they push this “we’re so globally minded” trash.