Reuters is citing a European official saying the EU-IMF review of the Greek debt situation is set to be delayed until after the US election.
It’s a bizarre headline because the US has stayed out of the Greek imbroglio and it looked like a deal was close before the Troika decided to take a week-long break today:
“The Obama administration doesn’t want anything on a macroeconomic scale that is going to rock the global economy before Nov. 6,” a senior EU official told Reuters.
They say that several sources in German said the White House doesn’t want any surprises before the election.
The only conclusion I can draw is that it sounds like they’re thinking of pulling the plug or maybe that the terms are so harsh that they’ll bring down the Greek government.
The article hints that if the report says Greece will need a third bailout, it could destabilize Europe.
“As far as European leaders are concerned, they don’t want Romney, so they’re probably willing to do anything to help Obama’s chances,” said the source, an EU official involved in finding solutions to the debt crisis.