IMF Wants Europe to Give Greece a Bailout Break

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IMF Wants Europe to Give Greece a Bailout Break

Andy Dabilis

ATHENS- The International Monetary Fund (IMF) – one of the three international lenders financing bailouts for Greece – is urging its European partners to go easier because the conditions are worsening the economic crisis, the Wall Street Journal has reported.

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August 07, 2012

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2 readers comments


1. Philip Vorgias wrote on August 07, 2012 11:43 AM	I agree that a further reduction in debt would be ideal, but only IF Athens implements all the reforms in the package. A reduction in debt could be the carrot held out to Greece to push through with the complete package.

2. ARMODIOS PAPAGIANAKIS wrote on August 12, 2012 12:39 PM	“…the IMF has suggested that options could include imposing 30 percent losses on the other countries in the Eurozone who are footing much of the bailout bill, but that would hurt banks AND TAXPAYERS IN THOSE COUNTRIES (emphasis mine), a politically-volatile problem.” No kidding? These global organizations have no shame…easy to make “suggestions” with (other) taxpayers’ monies. Greece’s creditor banks deserve their losses, taxpayers do not.
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