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Wednesday, May 19, 2010

Frequently Asked Questions about IMF Involvement in the Eurozone Debt Crisis

Rebecca M. Nelson, Coordinator
Analyst in International Trade and Finance

Dick K. Nanto
Specialist in Industry and Trade

Jonathan E. Sanford
Specialist in International Trade and Finance

Martin A. Weiss
Specialist in International Trade and Finance

On May 2, 2010, the Eurozone member states and the International Monetary Fund (IMF) announced an unprecedented €110 billion (about $145 billion) financial assistance package for Greece. The following week, on May 9, 2010, EU leaders announced that they would make an additional €500 billion (about $636 billion) in financial assistance available to vulnerable European countries, and suggested that the IMF could contribute up to an additional €220 billion to €250 billion (about $280 billion to $318 billion). This report answers frequently asked questions about IMF involvement in the Eurozone debt crisis. For more information on the Greek debt crisis, see CRS Report R41167, Greece's Debt Crisis: Overview, Policy Responses, and Implications, coordinated by Rebecca M. Nelson.

Date of Report: May 17, 2010
Number of Pages: 19
Order Number: R41239
Price: $29.95

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