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Nikkei's IMF Euro Zone 'Story' Denied

Traders scratching their heads over the late day story from the Nikkei news agency asserting that the Group of 20 nations is considering putting together a $600 billion lending facility at the IMF for the euro zone — a story denied by the IMF, according to our Steve Liesman.

"Since when does the Nikkei news service break a story about Europe?," one trader asked.

Indeed. Recall that there were rumors last week that the IMF may be putting together a $600 billion facility just to help Italy.

Here is a likely more accurate story, asserting exactly the opposite.

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