Rescue the IMF
2010-03-30
Czechs like to be in the thick of things. Many of those who were
against the U.S. radar were furious when Obama killed the idea,
because they could no longer complain that it was being shoved
down their throats. MP Lubomír Zaorálek of ÈSSD now feels left
out of the EU debate about rescuing Greece. It's dividing Europe,
he told Respekt, yet we don't even know the cabinet's opinion on
it. Czechs can't afford to be excluded from the key discussions
in Europe, he said. Well, now is their chance. When the bailout of
Greece fails because the IMF can't handle the magnitude of the
problem, the debate will turn to how to save the IMF itself.
Increasing the contributions from member nations will no longer
be enough, because they're broke. We'll need to take it up a
level. A good Socialist solution would be to create an
Interplanetary Monetary Fund. Why should Earth bear all this
growing risk alone?
[Czech Republic International Social Democrats]
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