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Reply #9: Fed may give loans to IMF to help euro zone [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 06:18 AM
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9. Fed may give loans to IMF to help euro zone
http://www.reuters.com/article/2011/12/04/us-eurozone-i...

The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.

Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.

"Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs," the paper said in an advance copy of an article to appear on Monday.

Treasury Secretary Timothy Geithner may discuss the idea in the coming weeks when he visits Europe, the paper said.
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