The IMF never offered Italy financing, according to fund chief Christine Lagarde.
That’s contrary to an earlier statement by Italian PM Silvio Berlusconi that he had turned down money from the IMF.
It looks like someone here might not be telling the truth.
Berlusconi’s statement before sent yields on Italian bonds skyrocketing. It seemed unclear why he admitted that the IMF had offered aid, given that the admission suggested weakness in Italy.
The fact that this admission could be completely fabricated seems even more puzzling.
Berlusconi’s coalition is maintaining a shaky hold over the government, however this dispute is not likely to help his cause.
If anyone’s lying here, our money is on Berlusconi. Could he be on a mission to take down all of Europe?