Martin Hutchinson, The Daily Telegraph: Warsaw’s solution to crisis could yet be a masterstroke

Martin Hutchinson of the The Daily Telegraph raises many interesting points about International Monetary.

The country isn’t in desperate straits. It wants $20bn (�13.5bn) from the International Monetary Fund. The facility would be only a precautionary flexible credit line, similar to Mexico’s. Such a line, granted to countries with policies that the IMF deems sound, provides a backstop to existing foreign exchange reserves.

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