IMF takes new tack on eurozone bailouts
The International Monetary Fund is pushing for bondholders to take more of the brunt the next time a eurozone country needs a bailout, The New York Times reports.
The IMF believes that countries like Greece and Portugal incurred too much of the pain in recent bailouts, meaning the private sector should be more involved the next time around.
{mosads}But the banking industry — and even European officials and the U.S. — aren’t so sure about the idea.
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