grahamwell

I'm confused by the current position of the IMF. How do you think they've handled the situation to date and do you think that their position is changing, particularly with regard to accommodating the Greek demand for debt writedowns in parallel with reforms?

Thanks. I read this - naively - as suggesting that the IMF and the Greeks are not particularly far apart on principles, although there may be some scepticism about the numbers and the Greek's ability to deliver reform. The Eurogroup however cannot budge on the book value of the debt, preferring infinite extensions and discounted rates. Yet the IMF seem to have walked away. Are they likely to return and might they yet bring about a compromise?

All those who know her seem to think highly of Christine Lagarde, nevertheless she hasn't been exactly a success here. Am I wrong to think that she must shoulder much of the blame?