Agence France-Presse quotes Global Business and Economics Program Director Andrea Montanino on the International Monetary Fund’s (IMF) toughening stance on the financial crisis in Greece:
The institution is convinced that it now has little choice, with Athens out of money and scheduled to pay the Fund back 1.5 billion euros ($1.7 billion) by the end of this month.
“The IMF wants to intensify its pressure on the Europeans. We’re at the end of the game, everybody is trying to use its last bullet,” said Andrea Montanino, who formerly represented Italy on the IMF executive board.
“The IMF would be the first to loose money, and it tries to do whatever it can to preserve its resources.”