The best course for Greece is to call in the Fund

A commentary feature discussing the economic and financial crisis facing Greece. The writers are director and senior fellow with Bruegel, the Brussels-based think-tank.

The writers argue that the crisis in Greece calls for standard remedies. The best solution would be to bring in the IMF. A stand-by agreement involving conditional lending would provide financial assistance and fiscal adjustment measures which should restore confidence. However, eurozone and EU authorities appear to be against this.

ESO: Background information: IMF to advise Greece on public finances http://www.europeansources.info/record/imf-to-advise-greece-on-public-finances/

IMF: Greece and IMF http://www.imf.org/external/country/GRC/index.htm

ESO: Background information: EU signals last-resort backing for Greece http://www.europeansources.info/record/eu-signals-last-resort-backing-for-greece/

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