IMF scans horizon for distress signal

If emergency lending has to be arranged to prevent Greece defaulting on its sovereign debt, is the International Monetary Fund the institution to lead it?

Few doubt the IMF would jump at the chance to be part of any rescue mission, though officials are careful to say the decision is up to Greece. But the extra cash and credibility that the IMF would bring has to be weighed against the negative signal conveyed by calling it in at all.

ESO: Background information: EU divided over Greek IMF bailout http://www.europeansources.info/record/eu-divided-over-greek-imf-bailout/

ESO: Background information: Europe urged to back Greece rescue http://www.europeansources.info/record/europe-urged-to-back-greece-rescue/

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

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