Would the American public stand for it and what might the electoral consequences be for Obama?
An apocalyptic article by Evans who manages to mention the dreaded 'f' word at the end of the article.
IMF to the rescue?
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).