Fed's Meyer skeptical about IMF's bankruptcy plan

US - A senior Federal Reserve policymaker expressed scepticism Tuesday about the International Monetary Fund's plan to allow debt-burdened countries to suspend payments to their creditors, saying it is unlikely to win international political support.

The IMF proposal, unveiled last month by Anne Krueger, the agency's deputy managing director, would extend to sovereign nations a form of bankruptcy protection now enjoyed by U.S. corporations. So far it has attracted more praise than criticism fr

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