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2012-10-01

Europe is likely to continue supporting Greece anyway -- out of fear of the consequences should the country go bankrup; Spiegel

The recent standoff in Athens between Poul Thomsen, chief envoy of the International Monetary Fund (IMF), and Greek Finance Minister Yannis Stournaras was, by all accounts, rather heated. 

Stournaras even threatened to resign rather than implement the cuts Thomsen was calling for, reported the New York Times.

"It doesn't matter to me," the IMF envoy allegedly replied, and then left.

On Friday, Sept. 21, it was time for the "Men in Black," as the Greeks call them, to depart once again -- without having accomplished anything. 


The troika, consisting of representatives of the IMF, the European Commission and the European Central Bank (ECB), had had enough.

Der Spiegel, 1 October 2012

 








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