Conservatives Oppose IMF Bailout in Europe; Legislation Pressures Treasury to Block Funds
Byline: Patrice Hill, THE WASHINGTON TIMES
Conservative Republicans are trying to stop the United States from participating in the bailout of overindebted European countries through the International Monetary Fund.
Rep. Mike Pence of Indiana, chairman of the House Republican Conference, is hosting what he calls a Greek forum on ending European bailouts Wednesday on Capitol Hill and has introduced a bill that would require the U.S. Treasury to oppose any further IMF loans to stricken European countries until all European Union members are in compliance with their own constitutional limits on debt - very few of them are.
Sen. Jim DeMint, South Carolina Republican, has introduced companion legislation in …
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Publication information: Article title: Conservatives Oppose IMF Bailout in Europe; Legislation Pressures Treasury to Block Funds. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: May 19, 2010. Page number: A03. © 2009 The Washington Times LLC. COPYRIGHT 2010 Gale Group.
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