German FinMin warns against the disengagement of the IMF from the Greek program

Tuesday, January 17th, 2017
Last Update: 09:40
In an interview with the WSJ, the German FinMin advised once more against the disengagement of the IMF from the Greek program. Mr. Schaeuble argued that a potential withdrawal of the IMF would constitute a fundamental change in the program’s structure and would mean that a new package for Greece would have to be negotiated.

The latter would require the approval of the German Parliament, which would be rather challenging to achieve in the run-up to the German elections. A similar message was echoed by the ESM head, who also argued that a potential IMF exit would require the Bundestag vote.

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