Saturday October 31, 2020

IMF denies Italian talks underway as bond yields rise

UPDATE: The International Monetary Fund said it isn’t discussing a rescue package with Italy but one analyst said that €500 billion to €800 billion is required to stabilise the country.

28th November, 2011
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The International Monetary Fund said it isn’t discussing a rescue package with Italy and Japan said no such talks have occurred within the Group of Seven, amid concern that Italy will struggle to bring down borrowing costs.

The Washington-based lender isn’t in discussions with Italian authorities on a program for IMF financing, a spokesperson for the fund said today in an e-mailed statement. Italy’s La Stampa newspaper reported that the IMF may be...

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