…As it all boots off in Madrid and Greece prepares for a general strike.
The ECB chief has urged Germany to plan for unlimited bond buying in its own interests as the 3 year Greek debt crisis escalates.
Greece’s Skai News has apparently reported that the IMF is considering holding back payment of the next Greek aid until agreement has been reached over its debt restructuring unless debt is reduced to 120% of national output by 2020.
One senior IMF official was quoted as saying “The role of the fund is the temporary provision of liquidity, not the role of being the indefinite lender.”
More…. UK Guardian
