Home / General / FT: IMF signals it could walk away from Greece deal – FXWW Chatroom
FT: IMF signals it could walk away from Greece deal – FXWW Chatroom
Peter Spiegel, a well-respected FT journalist, is generating buzz with this latest article. Referencing the leaked IMF report from earlier, Spiegel argues that the fund’s analysis could be a sign that it’s ready to walk away from the Greek debt deal.
“Under its rules, the IMF is not allowed to participate in a bailout if a country’s debt is deemed unsustainable and there is no prospect of it returning to private bond markets for financing,” writes Spiegel. “The IMF has bent its rules to participate in previous Greek bailouts, but the memo suggests it can no longer do so.