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Wednesday, March 14, 2012

IMF to Discuss Third Greek Bailout This Week: Ex-Official


“The International Monetary Fund will be discussing a third bailout for Greece at its meeting later this week, former first deputy managing director John Lipsky told CNBC Monday.

‘There is a program that has been discussed and is up for agreement and approval. This is the program that they’re discussing,’ Lipsky said when asked whether another bailout was in the cards for the struggling nation. “ (CNBC.com)

But seriously, folks, bailouts work.

FEE Timely Classic

Greece: The Canary in the U.S. Coal Mine?” by Steven Horwitz