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IMF Weirdly Confident About Greece’s Prospects

No expectations for a Grexit!
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For an organization with just under a trillion euros at stake over the next couple of weeks—which trillion euros Greece most certainly does not have—the International Monetary Fund doesn’t seem all that concerned, at least about Greece’s continued use of the aforementioned currency. About getting its money back? They’re going to keep that counsel to themselves right now.

“Our baseline position is that we don’t expect an exit,” IMF spokesman Gerry Rice told reporters in a regular briefing when asked if the fund was preparing for a so-called Grexit. “As with all other countries, we are always looking at different scenarios...that is par for the course with the IMF,” he said.

IMF Doesn’t Expect Greece to Exit Eurozone [WSJ]


By MEDEF [CC BY-SA 2.0], via Wikimedia Commons

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