The Financial Times quotes Global Business and Economics Program Director Andrea Montanino on why the International Monetary Fund’s credibility is on the line regarding Greece’s May 12 payment deadline:

“If there is a failure in the Greek case this to me will have a big impact on the credibility of the IMF,” says Andrea Montanino, a former IMF board member who now is at the Atlantic Council in Washington. “If Greece fails people will start questioning whether IMF policies really work . . . It is absolutely in the interest of the IMF that this does not happen.”


“The whole world is looking at what Greece will do on May 12,” says Mr Montanino. “This is not about technicalities. This is about market reaction.”

Read the full article here.

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