15 Jul 2015
IMF signals may walk away from Greece deal - FT
FXStreet (Bali) - According to the Financial Times, IMF may have signaled that it may walk away from a Greece deal, notes Peter Spiegel, FT journalist.
Spiegel refers to a leaked IMF report, with the journalist arguing that the institution's assessment could be a sign that it’s ready to walk away from the Greek debt deal.
Spiegel writes: “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. The IMF has bent its rules to participate in previous Greek bailouts, but the memo suggests it can no longer do so."
Spiegel refers to a leaked IMF report, with the journalist arguing that the institution's assessment could be a sign that it’s ready to walk away from the Greek debt deal.
Spiegel writes: “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. The IMF has bent its rules to participate in previous Greek bailouts, but the memo suggests it can no longer do so."