Just How Much Will Be Enough For The Republics?By
Call it Soviet sticker shock. When International Monetary Fund Executive Director Michel Camdessus announced on Apr. 15 that the price tag for overhauling the former Soviet Union would far exceed the Group of Seven's $24 billion aid and loan package, the timing was unwelcome for the Bush Administration. Facing a recession-wary American public in an election year, the President and Secretary of State James Baker III are scrambling to win congressional support for the U.S.'s $4.35 billion share of the plan. Now comes an IMF saying that the bill for the West could total $145 billion over four years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Racist Outburst Prompts Faber’s Exit From Three Company Boards
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing