Magazine December 19, 2011, Issue


The International Monetary Fund (IMF) headquarters building in Washington, D.C., April 8, 2019 (Yuri Gripas/Reuters)

A headline from the Daily Telegraph of London: “IMF Drawing Up £500bn Package to Save Italy, Spain and the Euro.” Insofar as most of us give any thought to the International Monetary Fund, we vaguely assume it’s there to help developing nations. But it’s now bailing out First World advanced economies. Indeed, Italy is a member of the G7, which is supposed to be the super elite of the developed world. But it’s angling for a 600 billion–euro rescue package.

So it’s a good thing we’ve got this IMF thingy to hand when we need someone flush enough to prop up

To Read the Full Story
Mark Steyn is an international bestselling author, a Top 41 recording artist, and a leading Canadian human-rights activist.

In This Issue



Books, Arts & Manners


The Gonzo Files

A review of Fear and Loathing at Rolling Stone: The Essential Writing of Hunter S. Thompson, edited by Jann S. Wenner.


The Week

The Week

The case for Newt is that he’s nothing like that guy who used to be governor of Massachusetts. The case for Romney is very similar.


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