IMF Invokes Grexit's Ghost

Tyler Durden's picture

Perhaps the IMF forgot, but nobody in Europe is allowed to rock the boat until the Obama reelection. Either way, this just hit:

  • International Monetary Fund won’t agree to further aid payment to Greece before decisions taken on new debt restructuring, Athens-based Skai.gr reports on website, without citing anyone.
  • IMF insists debt ratio come down to 120% of GDP in 2020
  • IMF may stop funding Greece under bailout agreement

Since the credibility of those "without citing anyone" reports is more or less negative, expect an official IMF response in minutes. On the other hand, if there is no IMF response, look for the #Grexit hashtags to promptly reappear.