Has the IMF made mistakes in Greece?

Australian Financial Review

John Kehoe
July 4, 2015

The following is an excerpt. To view the full article please visit the link below

A provocative question is being whispered inside the International Monetary Fund's headquarters in Washington and furiously debated in international economy policy circles.

Has the venerable International Monetary Fund stuffed up the Greece debt crisis?

At stake is not only the credibility of the world's emergency lender, but the reputation of its managing director Christine Lagarde, who has signalled she will seek reappointment to the top job when her term expires next July.

The left-wing Syriza Party defiantly skipped a €1.5 billion payment ($2.2 billion) due to the IMF on Tuesday, leaving Greece teetering on the brink of a full-blown sovereign debt default.

On Thursday, the IMF said the crisis-ridden country …

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.