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General News    H3'ed 7/15/15

Has IMF blown up Greece rescue? - BBC News

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'Greece's crisis has escalated again, with the International Monetary Fund launching a savage attack on the bailout deal forced on Athens by Germany and other eurozone governments.

So why does this intervention by the IMF, in a statement issued tonight matter?

Well for two very big reasons.

First is that it will make it much harder for the government of Alexis Tsipras to persuade the Athens parliament to back painful austerity measures in votes today demanded by eurozone creditors as the sine qua non of keeping Greece in the Eurozone.

Second the eurozone creditors, and Germany in particular, forced Alexis Tsipras - against his strong preference - to accept IMF participation in the next formal bailout package to be negotiated if Greek MPs pass the initial reform measures tonight.'  BBC

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David William Pear is a Senior Editor for, and a Senior Contributing Editor for The Greanville Post. David is a journalist, columnist, and commentator for TV and radio. His articles, essays and interviews have an emphasis on U.S. (more...)

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