e and are less pressured to do the bidding of their national governments than the banks are, giving them an incentive to push hard. But their leverage is limited because they own a very small percentage of bonds, says Julie Chon, a former senior policy adviser to the Senate Banking Committee.
Date: Jan 19, 2012
Category: Business
Source: Google
IMF Gathers Funds for European Debt Crisis as US Stands Aside
Obama had a lot more political capital coming in 2009 whenhe was just elected, said Julie Chon, a former adviser at theSenate Banking Committee, which authorizes contributions to theIMF. The crisis thats confronting the world today is aEuropean-born crisis, so it requires European leadership