JANE BURGERMEISTER REPORT: ‘US senators move to force IMF to comply with regulations, safeguard taxpayer’s money from eurozone debt black hole’

US senators move to force IMF to comply with regulations, safeguard taxpayer’s money from eurozone debt black hole

US must block IMF aid for Greece: senators

(AFP)

WASHINGTON — The United States should “actively and forcefully” oppose any IMF bailout loans to rescue debt-heavy Greece, two Republican senators urged President Barack Obama on Monday.

In a letter to Obama, Senators John Cornyn and David Vitter said such aid would violate a provision of US law that calls for opposing International Monetary Fund (IMF) loans to countries unlikely to repay them.

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