Stocks, Euro Stumble As Conservatives Push To End IMF Bailout. As rumors and chatter circulate across trading desks, European equity and credit markets are starting to lose their giddiness. European sovereigns are leaking back wider and financials starting to underperform and it is being noted that, as reported by The Hill, that conservatives say they will try to block the IMF from bailing out Italy and Spain. Pointing to the huge bill this could leave at US taxpayer’s feet.
With every IMF bailout rumor, there always is just one snag. A rather substantial one at that: US congressional approval for expanded IMF bailout capabilities.