IMF approves liquidity line program to improve credit

Quote from ASusilovic:

The credit line is available for 6 to 12 months and is designed to help short term balance of payment needs

The line is to provide urgent balance of payments needs caused by exogenous shocks

It is designed to effectively help countries cope with crisis

http://forex.fxdd.com/133540/forex-trading/imf-approves-credit-line-program-to-improve-liquidity
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Is there any more specific detail on this news? Is there more info on the latest scammer attempt to manipulate markets and currencies? The effect on EUR/USD seems to have lasted 30 minutes. I cannot quite understand what they are trying to swing.
 
The problem is with this intiative is its irrelevant size. The credit lines offer 5x (6 mo) and 10x (12 - 24 mo) the contribution of the country to the IMF resources. So, as an example, Italy's contribution is SDR 7.882bn, which means that it can borrow up to a max amount of SDR 78.82bn, which is arnd €91bn. Nowhere near enough to prevent contagion.
 
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