IMF Calls on Euro Authorities to Stand Behind Deposit Insurance
Let's see here.
The IMF can't do a blessed thing to forestall the "Eurozone crisis", the defaults of its member nations, but it wants the European version of the FDIC to guarantee deposits in other countries, against inevitable bank runs that will occur once the dominoes begin to fall.
Proof positive that they expect this situation to escalate into pandemonium.
T.W.
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