Trader Talk

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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