That would mean YOU are funding a Europe Bailout, since 70% of IMF funding comes from the US.
I'm still playing catch-up on this, I'll post more as it comes.
Euroland already went begging to the US for help and a handout through the president and treasury who in turn instructed the Federal Reserve on what to do for Euroland.
The latest news is just minor details as US taxpayer monies have already been committed to Euroland via the IMF so to insure Euroland will not fail. Because US major banks have bet heavily on Euroland’s survival and these banks can’t survive another meltdown due to losing bets.
The stock markets are up because the new money will be looking for a place to park in, everything should be fine... for about a month.
The Euro as a currency and the EU was doomed to failure. Once a nation gives up its currency and central bank, it is no longer a nation. The lure of Nations joining is to be part of European Society, but now countries like Italy and Greece are learning the cost of this decision. Germany has basically installed Euro Statist in the parliaments.