• Could be raised to effective lending capacity of EUR 500 bln from 440 bln
  • IMF may contribute 50 cents to 1 euro of every euro EU puts up on top EU contribution
  • Greek progress remarkable
  • Irish implementation fully in line with recommendation
  • Portugal has taken effective steps
  • Belgium’s Praet unanimous choice for ECB

Everyone’s doing so great we’re gonna increase the size of the program! And the IMF is gonna pony up too.

Thank goodness I am able to contribute in my own small way to a cushy retirement for 42 year old Greeks via the US’s IMF contribution. …