Issing Says IMF Better Suited Than EU to Greek Rescue
February 08, 2010 at 08:30 AM EST
[Skip to the end] Except Greece probably doesn’t qualify under normal IMF standards, and the IMF would have to get short euro to make the payment. And ideologically it means ceding control of EU macro policy to an external international institution with strong US influence. Nor does the macro work, as the ’strict enough conditions’ imposed [...]