Yiannis Mouzakis via Macropolis | The IMF formally announced last week that it changed the policy of exceptional access criteria, in essence reversing a highly political decision of the Fund back in 2010, a decision that saved the euro and paved the path for half a decade of economic devastation that sealed Greece’s fate.
Nick Malkoutzis via Macropolis | There are probably a number of officials in European capitals, and perhaps Washington, who have been scratching their heads over the past few days after the Greek government indicated that it would prefer the International Monetary Fund not to be involved in the country’s bailout.
A German company is granted the concession to run 14 Greek airports in the first privatisation process signed by Syriza.
Germany’s central bank calls for more supervision of the adjustments and reforms in Greece, while the IMF casts doubts over the sustainability of Greek debt.
The third bailout deal will have to be voted on in the Greek Parliament on Thursday and approved by the Eurogroup on Friday.
The benefits tend to be larger than the expenses, even if Greece does not repay any of its debts.
John Bruton | If Greeks themselves do not trust their own government and banks with their money, it is difficult to expect the taxpayers of other countries to do so. Yet that is what critics of the third Greek bailout seem to expect.
LONDON | June 30, 2015 | BNP | On Tuesday the bailout programme expires and Greece is due to make a payment of EUR1.5bn to the IMF. Both important events. However given that the ECB has already capped the ELA ceiling, we don’t expect any further significant measures against the banks.