Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The IMF is there because the ECB wants the political air cover. The IMF has no stick that can hurt Greece remotely as bad as the stick the ECB has.

If you're willing to present ultimata to the ECB, you're past the point where that sort of political theatre matters very much.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Feb 18th, 2011 at 02:42:36 PM EST
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