Bloomberg quotes Global Business and Economics Program Director Andrea Montanino on the International Monetary Fund playing a secondary role in the group of creditors bailing out Greece:
The prospect of a euro-area country being responsible for the biggest unpaid debt to the IMF will undermine support among the fund’s 188 member nations for financing countries in Europe, said Andrea Montanino, a former IMF executive director who is now Director of the Atlantic Council’s Global Economics Program in Washington.
“After this episode with Greece, the IMF will be much more cautious with other euro-zone countries,” he said.