This is a must-read article by Peter Spiegel published in the FT. Check it out!
It looks like hard-liners in the IMF and Germany are creating more roadblocks, making a new bailout less likely.
Greece signed up to the humiliating deal and is facing up to the political implications. Meanwhile, it looks like the creditors are not ready to stand by their proposal. I think that Christine Lagarde, the IMF Managing Director is the weakest link. This former lawyer and French politician is not an economist and she has allowed the IMF to become Germany’s poodle.