Greece – Difficult day ahead on Wednesday for Merkel. German Chancellor Angela Merkel insists the International Monetary Fund must participate in Greece’s new bailout, but doubts about IMF involvement are complicating her bid to sell MPs the deal ahead of Wednesday’s key parliamentary vote.
The crux is that the IMF which has described the plan as “a very important step forward” has already said it will wait till October to decide whether it participates. The knives are already out – Monday’s front page of mass-circulation daily Bild accused Merkel of breaking her promise that the IMF would be party to the new 86 billion euro ($95 billion) Greek bailout approved by eurozone finance ministers Friday.
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