Looks like it,
US Ready to Back Bigger EU Stability Fund: Official
The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.
There are contradictory reports regarding the extent of the proposed bailout, but
U.S. Treasurys’ prices fell and the euro strengthened against the dollar on Wednesday after the news that the United States would be prepared to support an enlarged EFSF.
If you are wondering why the US is contemplating this move, read this,
Europe’s Crisis Widens
Italy, Spain See Bonds Sink, Portugal Faces Rating Cut as Faith in Rescue Ebbs. Money quote:
One reason the prospect of bailouts of weaker governments is no longer enough to win back investor confidence, economists say, is that they don’t solve the underlying problem: Several countries have more debt than their economies can cope with.
Like the USA, you mean?
But, don’t worry, be happy.
