Poorer nations that contribute to the IMF's financing have grumbled about having to prop up rich Europe. More than half of the IMF's lending goes to the euro zone, from virtually nothing a few years ago. The IMF has contributed about a third of the money used to rescue countries like Portugal, Ireland and Greece, with the rest coming from other euro zone countries.
"Historically, Europe took no IMF lending," said Guntram B. Wolff, the deputy director of Bruegel, a research organization in Brussels. "Now lending has increased since the beginning of the crisis dramatically. Is it appropriate? That is a very big question."
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