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"Wouldn’t it be better if all of that could be palmed off on to third parties, to leave the banks doing what they are really good at, which is peddling debt."

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Bunga Bunga

NZ taxpayer may have to bail out Italy

Risk of IMF calling on NZ$1.3 bln loan from NZ govt to help with Euro crisis rising, as rumours swirl of Italian bailout too big for the IMF's coffers

2nd Dec 11, 11:38am

by Alex Tarrant

Risk of IMF calling on NZ$1.3 bln loan from NZ govt to help with Euro crisis rising, as rumours swirl of Italian bailout too big for the IMF's coffers

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