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Greece Demands IMF Explain `Disaster'Remarks In Explosive Leak    HuPo

A letter from Greek prime minister Alexis Tsipras questions whether the country "can trust" the lender.

The leaked remarks of International Monetary Fund officials suggesting the lender may threaten to pull out of Greece's bailout are eliciting anger in Athens and could jeopardize debt negotiations. The Huffington Post exclusively obtained a private letter on Saturday from Greek prime minister Alexis Tsipras to IMF managing director Christine Lagarde, demanding answers for some of the controversial comments in a March 19 teleconference between Poul Thomsen, IMF European director, Delia Velculescu, IMF chief of mission in Greece and IMF official Iva Petrova.

Wikileaks released a transcript of the phone conversation earlier on Saturday in which Thomsen and Velculescu indicate that only a new crisis would prompt both Greece and Germany to fulfill their obligations under the bailout agreement. Velculescu raises concerns that while more time may be needed to push the parties toward an agreement, postponing a meeting could be a "disaster."

Tsipras wants to know whether Thomsen and Velculescu's apparent belief that the IMF must rely on another crisis-inducing "credit event" to force Greece's hand "reflects the official IMF view." If so, Tsipras challenges the IMF to defend the policy, given accepted norms of negotiation.



As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere." (But it helps!)
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 3rd, 2016 at 12:59:48 AM EST

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