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To: Alex who wrote (16679)8/26/1998 10:41:00 PM
From: PaulM  Read Replies (3) | Respond to of 116762
 
"the Russian restructuring was at the direction of the IMF" Out of character for the IMF to let lenders take the hit, no?

Wonder if this isn't part of the Euro/U.S. competition we're likely to see over the coming months. The IMF, low on resources any way, probably figures it's best to keep its powder dry until a debt crisis with greater U.S. exposure emerges.

So Germans institutions are allowd to rake the brunt of this one.

One possibility, anyway.


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