Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
One weird thing that I can't get my head around, a country is allowed to borrow 10x what it gives to the IMF.

If true, Greece should have given the IMF $10 billion about a decade ago.

I have no idea how that formula works but surely the amount given to the IMF should be a percentage of GDP and not an arbitrary "donation."

by Upstate NY on Sun Apr 11th, 2010 at 04:42:25 PM EST
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