Wednesday, October 17, 2012

IMF urges aid for Italy, Spain but Rome baulking

The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's debt crisis, but Rome has rebuffed the idea and Madrid seems likely to apply alone.

http://www.reuters.com/article/2012/10/17/us-eurozone-idUSBRE89G0NO20121017