We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Third time lucky

23 May 2016 By Neil Unmack

The lender of last resort wants Athens to have less austerity and bigger debt relief. The move frustrates Germany’s desire to avoid overt fiscal transfers. Yet the IMF holds the aces, and its plan comes close to how a bailout should have looked had the fund done its job in 2010.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)