How much is the debt crisis in Greece highlighting a crisis within a crisis? International lenders clashed over how Athens can bring its debts down to a sustainable level leading fears their public spat could lead to the financial troubles flaring up again.
Commentators are asking what will happen if another country was to seek a bail out in the future.
The difference of opinion between Christine Lagarde of the IMF and Jean-Claude Juncker who chairs the Eurogroup of finance ministers over the Greek debt crisis has been described as a, “sharp exchange”.
Analysts believe if the IMF were to walk away from the bailout the eurozone would have to contribute extra funds and its reputation in the financial markets would be severely damaged. Equally, if the IMF were to back down its authority would be damaged.
It is a scenario that for the moment is conjecture but the row has brought it into focus.
- 1Braking bad: auto industry plagued by scandals
- 2How abolishing taxes saved a dying Hungarian village
- 3Saudi Arabia responds to low oil prices with economic reform plan
- 4VW counts cost of emissions scandal as other German carmakers join massive recall
- 5As iPhone sales slide, what is Apple’s next big money maker?
Wires > Business
- 20:37 CET Buffett defends Berkshire’s Coke stake, warns on BNSF
- 16:49 CET Hedge fund managers Crispin Odey and Paul Marshall say Brexit…
- 15:15 CET Vodafone picks BofA, Kotak, UBS, other banks for India IPO -…
- 15:14 CET German finance minister criticises Volkswagen management over…
- 22:16 CET Apple’s stock suffers worst week since 2013
- 21:50 CET Deutsche Boerse retracts merger comment at UK request
- 20:49 CET VW executive committee balks at Qatar’s push for seat – sources
- 19:06 CET UK first quarter motor insurance premiums slip – AA