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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 is a progressive columnist writing on economic, political and social issues. His articles have been published by The Greanville Post, The Real News Network, Truth Out, Consortium News, OpEdNews, Pravda, Russia Insider and many other (more...)

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