Europe Bailout: IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

 

  Things are getting interesting - if this news will become reality we have a life line for the Italy. Will we have the Xmas party now? Market is like a coil and suppressed by all the negativity - move to the upside can be really dramatic if Risk Trade will be coming back. Disaster is so apparent in Europe now, with Japan, UK and US to follow that we have more reasons to believe that everything will put on the line to save Italy and Europe now. We will agree that in order to stop all this mess maybe 5 trillion Euro bazooka needed, which means further unprecedented credit extension, Inflation and Gold with other commodities flying high again.

Jim Puplava: Stephen Leeb: Red Alert - Peak Of Everything: Lithium, Rare Earths, Copper, Gold and Silver

"Now, we guess, that there is no any doubts that all the world will print, print and print FIAT money in order to keep insolvent system running. UK will be tested first, as usual, and is already in the next QE program, US and Europe to follow. By the way price of Gas in UK is already above 8 dollars per gallon. We almost stopped to write about Gold - nothing further to prove, time is for the Energy Transition. Lithium - Electric Cars and Hybrids. Rare Earths - Mobiles, Wind, Solar and Electric Cars with Hybrids. Silver - Solar, Mobiles and Store of value. Copper - Electric Cars and Hybrids, Charging Infrastructure, Energy Distribution. Zinc - Electric cars and Hybrids, Charging infrastructure, Energy Distribution. 

  China is on the shopping spree with its 3.2 trillion reserves now. We are following hereInternational Lithium with Ganfeng Lithium as strategic investor, Canada Zinc Metals with 36% owned by Tongling Nonferrous, TNR Gold with Canada Zinc Metals as strategic investor, TNR Gold holds 28% in International Lithium.

  Welcome to the Reflation Round 2 in case if "Europe will be saved."

Bloomberg:

IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports

By Tommaso Ebhardt - Nov 27, 2011

The International Monetary Fund is preparing a 600-billion euro ($794 billion) loan for Italy in case the country’s debt crisis worsens, La Stampa said.

The money would give Italy’s Prime Minister Mario Monti 12 to 18 months to implement his reforms without having to refinance the country’s existing debt, the Italian daily reported, without saying where it got the information. Monti could draw on the money if his planned austerity measures fail to stop speculation on Italian debt, La Stampa said.

Italy would pay an interest rate of 4 percent to 5 percent on the loan, the newspaper said. The amount could vary from 400 billion euros to 600 billion euros, La Stampa said.

To contact the reporter on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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