Schaeuble presents Athens with stark reality of programme without IMF

PoliticsGreek Politics Tags: Elections, IMF, Reforms
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Greek government was still pondering the implications of Wolfgang Schaeuble’s comments regarding the possible exclusion of the International Monetary Fund from the country’s programme when the German finance minister struck again on Monday to leave Athens in little doubt that such an option would entail a high risk for Greece.

Athens reacted with enthusiasm on Friday to Schaeuble’s initial comments in a newspaper interview, in which he mused about the possibility of the IMF not coming on board and the European Stability Mechanism replacing it as the main monitoring force.

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