IMF to Propose New Short-Term Credit Lines | World News Tweets
BY IAN TALLEY
WASHINGTON?The International Monetary Fund is crafting a proposal to offer new short-term credit lines to governments to prevent the spread of global financial crises, senior IMF and finance officials say.
The program has the tentative backing of key world financial leaders who are expected to approve the new lending tool at the coming meetings of the Group of 20 industrialized and developing economies, according to three senior officials from G-20 countries.
Investors believe Greece is likely to default on its government
Article source: http://online.wsj.com/article/SB10001424052970203388804576617312060188784.html?mod=googlenews_wsj
Source: http://worldnewstweets.com/2011/10/imf-to-propose-new-short-term-credit-lines/
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