FINANCIAL TIMES: …“Greece is attempting to achieve an unprecedented amount of fiscal and current account adjustment under a fixed exchange rate, with a massive debt overhang, and weak confidence,” the IMF said in a 260-page report issued on Friday.
“While the programme aims to mitigate these risks, it is clear if they do play out, additional debt relief and financing would be needed from Greece’s European partners.”
The issue of more money and losses on bailout loans for Greece is hugely controversial in eurozone capitals, where political opposition to additional Greek aid has limited creditor governments’ ability to go back to parliaments for needed approvals… (more)
