IMF loan? Maybe not.
BBC: The International Monetary Fund (IMF) has denied it is in talks with Italy about a new bailout loan.This has to be one of the biggest journalistic blunders in recent years. Just because the story came from a NY reporter it has to be right? What happened to the editorial staff? La Stampa is the largest and most influential newspaper in Italy, founded in 1867. Selling a few more papers to ruin your credibility makes no sense. Such action deserves a Sober Look Hype Award, but that honor already went to Moody's this week.