Domestic Politics Imperil IMF Deals In Europe |
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January 7, 2010
From Ukraine to Iceland, domestic politics and popular discontent are threatening International Monetary Fund (IMF) rescue deals, unsettling investors who view them as vital for financial recovery.
From Ukraine to Iceland, domestic politics and popular discontent are threatening International Monetary Fund (IMF) rescue deals, unsettling investors who view them as vital for financial recovery. At the height of the global crash, many governments promised painful belt tightening in return for IMF loans but selling these economic reforms to their electorates has proved tough. That leaves countries facing standoffs with the fund, which could panic markets and leave governments without the cash for public salaries and sovereign debt payments.
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