Home » IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports - Bloomberg

IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports - Bloomberg

Mon, 28/11/2011 - 13:21 by dante  

The International Monetary Fund is preparing a 600-billion euro ($794 billion) loan for Italy in case the country’s debt crisis worsens, La Stampa said.
The money would give Italy’s Prime Minister Mario Monti 12 to 18 months to implement his reforms without having to refinance the country’s existing debt, the Italian daily reported, without saying where it got the information.

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