That’s why it is so important for them to get a European at the helm of the IMF, so they can use the same pretzel logic that got the euro zone into this mess in the first place.

In EU-speak, pragmatic flexibility means “shut up and sign the damn check”.

It is ironic that it is the IMF which is causing the euro group problems on the bailout front. The EU was brought in by Germany to play the “bad cop” and to maintain discipline among the various squishy European entities involved in the bailout in the fist place. Here we are a year later and they are trying to talk the bad cop from beating the snot out of the alleged perpetrator, Greece. Too funny. Be careful what you wish for, as the old saying goes.