A Convergence Of Debt Crises In Greece,Spain,Portugal,Ireland,Italy Could Break The European Union & The International Monetary Fund's Capacity

To Bailout Nations.

The U.S. (which has 16.7% of the vote in the IMF), Japan (6%), Germany (5.9%), the U.K. (4.85%), France (4.85%),and China (3.7%).....The U.S....will have to provide a large share of the funds to replenish the IMF. Leaving it essentially broke won't be viewed as a credible option in a world in which new debt crises seemingly arise every few months. Given that ongoing threat, plus the added risk of contagion, banker-to-banker mistrust and the related zaniness that nearly froze global credit markets during the financial crises of 2008, an IMF in good working order is a necessity, even if it becomes an expensive one. The map may show Greece, Spain, and the rest of the Eurozone as thousands of miles away from the U.S., but in the interconnected tnterdependent world of global finance, they're just across the street.''

From Daily Finance An AOL Money and Finance Site, ''After thr IMF Bails Out Europe, the U.S. May Have To Bail Out the IMF,'' Posted 4/30/10, Economy, Credit by Joseph Lazzaro.

Mr. Lazzaro, You took the words right out of SCOHEN305's mouth.

And let me repeat those words:

''The map may show Greece, Spain, and the rest of the Eurozone as thousands of miles away from the U.S., but in the interconnected interdependent world of global finance, they're just across the street.''

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