Bloomberg quotes Global Business and Economics Program Director Andrea Montanino on Greece becoming the first advanced economy to miss a payment on IMF debt, after its bailout talks with creditors collapsed:
There’s little chance that the fund will approve Greece’s request for an extension, said Andrea Montanino, a former IMF Executive Board Member who now heads the Global Economics Program at the Atlantic Council in Washington.
“People are just completely fed up,” Montanino said. “Maybe the Europeans could support it, but the others will say no.”
IMF Managing Director Christine Lagarde probably felt obliged to put the extension request before the board as a formality, he said.