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IMF Says Not In Talks With Italy Over Financial Aid: Reports

Tuesday, 29 November 2011 | 00:00
The International Monetary Fund on Monday reportedly denied news that discussions are underway between the Fund and the Italian government over a EUR 600 billion loan to the euro member.
There were no discussions with the Italian authorities on a program for IMF financing, reports said quoting an IMF spokesperson.
On Sunday, Italian newspaper La Stampa reported that the IMF is preparing EUR 600 billion financial assistance for Italy, giving the new government 18 months to launch economic reforms.
The report had also indicated that given the scale of the planned aid, it will be difficult for the IMF to operate on the currently available resources.
Source: RTT News
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