Who's on the Hook for the IMF's Greek Bailout?

Wall Street Journal
May 5, 2010

Some lawmakers and other commentators are arguing that the U.S. will be handed a big bill to rescue Greece from default because the U.S. is the International Monetary Fund's largest shareholder.

But as with much concerning the IMF, an international financial institution based in Washington D.C., it isn't that clear-cut.

"It is simply unfair—as a matter of principle—to force American taxpayers to use their hard-earned money to prop up failed policies in relatively wealthy nations," wrote Rep. Todd Tiahrt, a Kansas Republican, opposing any U.S. participation in a Greek bailout.

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