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Reply #9: europe: International Monetary Fund denies Italy loan talks [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:30 AM
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9. europe: International Monetary Fund denies Italy loan talks

The International Monetary Fund (IMF) has denied it is in talks with Italy about a new bailout loan.

It follows reports in Italy's La Stampa newspaper over the weekend that the IMF was preparing a 600bn euro ($794bn; 515bn) loan.

Despite the news, European markets opened up strongly on hopes that Italy may be thrown a lifeline.

However, ratings agency Moody's has warned that the crisis threatens the credit rating of all eurozone members.

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