Wednesday, April 18, 2012

The Master of Puppets...

...obey your master, indeed. As I have alluded to, the U.S. is picking up all the chips left on the table as this poker game of Realpolitik continues its grind. The naive calls for the "end of empire" and all that nonsense look so distant now.

WASHINGTON (Reuters) - The United States on Wednesday threw its support behind a bid to boost the International Monetary Fund's financial resources, signaling greater satisfaction among Group of 20 nations with Europe's efforts to resolve its debt crisis.

The U.S. government will not chip in more money of its own, but warm words from Treasury Secretary Timothy Geithner for commitments by others may clear a path for G20 nations meeting this week in Washington to agree on a way to bolster the IMF's war chest.

The idea is to bulk up so the Fund so it can aid non-European countries that get caught up in the maelstrom emanating from the euro zone.

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