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U.S. representatives send letter opposing any IMF bailout of Spain
- Alston & Bird LLP
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- Global, Spain, USA
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- May 6 2010
Yesterday, amid concerns about the Greek financial crisis spreading to other European states, U.S. Congressman Mike Pence (R-IN), Chairman of the House Republican Conference, and Conference Vice-Chair Cathy McMorris Rodgers (R-WA), sent a letter to Vice-President Joe Biden, who is travelling to Spain and Belgium to meet with European leaders on security issues, urging the Vice President to "make it clear that the U.S. will oppose" any request from Spain for a bailout from the International Monetary Fund (IMF), and that the U.S., as the IMF's leading contributor, will "do all in its power" to "reject putting American money further at risk."
