The IMF should pull the plug on the euro
October 19 — Why throw good money after bad? Every financial crisis in the end boils down to one very simple question. Who pays?
The euro debacle has now reached that point. After the G-20 summit in Paris last weekend, there is increasing talk of getting the rest of the world to help bail the single currency out of the mess it finds itself in.
More money should be poured into the International Monetary Fund to help with the rescues, we were told. China and Brazil should step up their purchases of trouble euro-zone bonds. Read more.
