IMF to Offer Italy a $800 Billion Bailout? Is the IMF Bazooka Option on the Table?

There is reporting today from Bloomberg, via an Italian daily “La Stampa”, that the IMF is preparing a big bailout for Italy should its troubles worsen. The figure is being put at near €600 billion (or $800 billion) which would be a critical development for the euro-zone situation. From Bloomberg: “The International Monetary Fund is preparing a 600-billion euro ($794 billion) loan for Italy in case the country’s debt crisis worsens, La Stampa said. The money would give Italy’s Prime Minister

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