Claudio Loser (unfortunate name), a former director of the Western Hemisphere for the IMF, has told Reuters Insider that the IMF should push harder for Greece to restructure its debt and negotiate haircuts with bondholders, rather than giving the country … Continue reading
Although markets uncertain whether struggling euro zone economies can become competitive Fiscal responsibility must be “at the heart of our efforts” Lagarde the “ideal embodiment” of an IMF head IMF must eventually drop practice of automatically choosing European head
Budget cuts and revenue hikes will be part of the policy mix.
Reuters headline. EUR/USD down at 1.4400. Participation of IMF in new programm for Greece envisaged, cites no sources Not quite sure what second part means. Will have to await details.
Liam Halligan in The Telegraph.
IMF on Sunday dismissed reports that an international inspection team has found that Greece has missed its’ fiscal targets.
Jolly good effort
Even Ireland? If so, expect a rate cut on the Irish loan and a hands-off the corporate tax rate pledge from the euro group.