Mark Gilbert , Columnist

IMF's Call for a Greek Debt Holiday Goes Too Far

Greece's creditors need to be recognize the political and economic realities of its situation.

May 17, 2016 at 12:16 PM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Grexit risks remain.
Photographer: Simon Dawson

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The International Monetary Fund is proposing that Greece's official creditors grant the nation an extended payment holiday on its debts, according to The Wall Street Journal. It's such a crazy idea that I hope it's just a negotiating tactic designed to drag Germany to the debating table so that debt relief can at least be discussed.

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