Wednesday, March 18, 2009
IMF funding a 'game-changer'
$850 billion is a massive amount of liquidity, particularly because none of the AXJ economies will likely access funds from the IMF, and only a couple of LatAm economies could turn to the IMF. This leaves most of the US$800 billion or so of resources available to the EE — an amount equivalent to roughly 60% of EE GDP (not including Russia).
fears of eastern european collapse, then, are being addressed.