IMF Drawing Up £500bn Package To Save Italy, Spain And The Euro!

Gerald Celente: International Mafia Federation!

• The Illuminist plan is for a Global Supra-National Central Bank, One World Government and One World Currency. The IMF will very likely play the role of the Global Supra-National Central Bank.
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• Once again the Illuminist banksters are projecting themselves as saviors of the world when they are the cause of the problems! How do bankrupt countries (like US, UK…) bail out other bankrupt countries? By creating money out of thin air! The debts will now be owed to Illuminist central banks like the FedRes, ECB, IMF … etc.
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  IMF drawing up £500bn package to save Italy, Spain and the euro! 
  By Robert Winnett>, http://www.telegraph.co.uk/
  The International Monetary Fund is being lined up potentially to help Italy and Spain amid growing fears that a European rescue scheme will not be able to prop up the countries.
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  The International Monetary Fund is being lined up potentially to help Italy and Spain amid growing fears that a European rescue scheme will not be able to prop up the countries, it emerged last night.
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  Reports in Italy suggested that the IMF is drawing up plans for a €600 billion (£517 billion) assistance package for the country. Spain may be offered access to IMF credit, rather than a rescue package, to avoid it being “picked off” by the markets in the coming weeks.
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  Any IMF involvement in European rescue packages would be partly underwritten by British taxpayers, which could leave this country liable if Italy and Spain did not repay any international loan. Britain provides 4.5 per cent of the IMF’s funding and would, therefore, face a potential liability to an Italian package of up to €27 billion (£23 billion).
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   An IMF rescue package involves a country being offered hundreds of billions of euros in return for agreeing to launch a major austerity programme to cut spending. A credit line is a more flexible arrangement which gives countries short term access to international finance.
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  IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports! 
  By Tommaso Ebhardt, http://www.bloomberg.com/ 
  The International Monetary Fund is preparing a 600-billion euro ($794 billion) loan for Italy in case the country’s debt crisis worsens, La Stampa said.
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  The money would give Italy’s Prime Minister Mario Monti 12 to 18 months to implement his reforms without having to refinance the country’s existing debt, the Italian daily reported, without saying where it got the information. Monti could draw on the money if his planned austerity measures fail to stop speculation on Italian debt, La Stampa said.
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  Italy would pay an interest rate of 4 percent to 5 percent on the loan, the newspaper said. The amount could vary from 400 billion euros to 600 billion euros, La Stampa said.

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