Greece demands explanation from IMF over Wikileaks document

[Xarog]

Greek politicians wasted no time in seeking a response from the IMF over the leaked transcript released earlier today by Wikileaks suggesting the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief, and which according to the Greek government was "interpreted as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected."

According to Reuters, "Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief."

The officials were quoted as discussing a threat that the fund might not participate in Greece's third bailout program as a way to force EU creditors, especially Germany, to reach a deal on debt relief before Britain's June referendum on whether to stay in the European Union.



"The Greek Government asks the IMF for explanations whether pursuing the creation of bankruptcy conditions in Greece, just before the British referendum, is the Fund's official position," government spokeswoman Olga Gerovasili told state TV.



An IMF spokesman in Washington said the Fund did not comment on "leaks or supposed reports of internal discussions" but added that the IMF had made its position known in public.



"We have stated clearly what we think is needed for a durable solution to the economic challenges facing Greece - one that puts Greece on a path of sustainable growth supported by a credible set of reforms matched by debt relief from its European partners," the spokesman said.



"The needed reforms and targets need to be based on credible assumptions. As we have said, there is a trade off between what is feasible on reforms and the amount of debt relief needed."

http://www.zerohedge.com/news/2016-04-02/greece-demands-explanation-imf-over-leaked-transcript

 

[NarrowBandFtw]

are they honestly surprised though?!? :wtf:

the IMF made very much the same overtures while the excrement was busy hitting the fan in the grexit "negotiations" previously: http://www.theguardian.com/business/2015/jul/30/imf-will-refuse-join-greek-bailout-until-debt-relief-demands-met

Sorry Greece, you had your chance to plot a course into the unknown, you chose to stay enslaved as if the result will magically change, now reap what you sowed ... (oh and by 'you' I mean Tsipras of course, the referendum kinda made the better choice, just got interpreted very differently)

 

[Xarog]

are they honestly surprised though?!? :wtf:

the IMF made very much the same overtures while the excrement was busy hitting the fan in the grexit "negotiations" previously: http://www.theguardian.com/business/2015/jul/30/imf-will-refuse-join-greek-bailout-until-debt-relief-demands-met

Sorry Greece, you had your chance to plot a course into the unknown, you chose to stay enslaved as if the result will magically change, now reap what you sowed ... (oh and by 'you' I mean Tsipras of course, the referendum kinda made the better choice, just got interpreted very differently)

I was so disappointed with Tsipras. You don't talk about game theory unless you're willing to sink everyone with you. He blinked instead of going down in a blaze of glory. Would have done everyone a favour in the process, had he done so, tbh.

 

[Xarog]

Attn @TriGun: http://www.zerohedge.com/news/2016-...se-credit-event-greece-and-destabilize-europe

 

[NarrowBandFtw]

I was so disappointed with Tsipras. You don't talk about game theory unless you're willing to sink everyone with you. He blinked instead of going down in a blaze of glory. Would have done everyone a favour in the process, had he done so, tbh.

Indeed, I think by now with Greece being flooded with migrants and being constantly strong armed by the EU even Tsipras must be wondering what might have been.