Draconian IMF cuts call under fire

From: RussiaToday  | Sep 26, 2011 

Eurozone leaders are preparing a rescue plan to prevent the escalation of the financial turmoil threatening to send the global economy back into recession. It comes as the IMF has warned it may not be able to help out bigger European economies struggling to tackle their debt. With a Greek default now widely considered a matter of time, the priority is to prevent bigger states such as Italy and Spain being dragged down. Greece has been hit by another wave of public protests against government austerity measures. But as RT's Gayane Chichakyan reports, the IMF is accused of being too tough on some countries while being too soft on others, like the U.S., where the 2008 crisis began.