IMF Warns Greece Deal Uncertainty May Undermine German Recovery
IMF ‘Called a Spade a Spade’ With Greece: Friedman
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IMF staff warned that uncertainty about a new bailout for Greece may undermine confidence in Germany and delay a pickup in investment that was expected to drive the recovery of Europe’s biggest economy.
“The risk of renewed stress in the euro area has increased” since a bailout for Greece funded by euro-member states expired June 30, according to an International Monetary Fund statement to the fund’s executive board. The statement is part of an IMF assessment of Germany’s economy released Wednesday.