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   From: obama@hillaryclinton.com   
      
   For the International Monetary Fund, five years of playing   
   junior partner in European bailouts for Greece has been a "never   
   again" experience, and the worst may be yet to come.   
      
   The global lender has lent far more to Athens than to any other   
   borrower, contributing nearly one-third of the total 240 billion   
   euros, with the rest coming from euro zone governments and the   
   bloc's rescue fund.   
      
   But it has sat uncomfortably in the side-car of the Greek   
   rescue. Called in by EU paymaster Germany to try to keep the   
   European institutions and the Greeks honest, the Washington-   
   based IMF has never had control of the programme.   
      
   Now Greece may be about to become the first European nation to   
   default on the IMF, putting it in exclusive company with   
   Zimbabwe and Argentina.   
      
   Athens postponed a 300 million euro instalment due last week and   
   bundled it with others due this month into a single 1.6 billion   
   euro payment due to the IMF at the end of June.   
      
   Greece has said it can only pay if it gets new funds from   
   creditors or is allowed to sell more short-term debt to Greek   
   banks, which in turn hinges on a stalled cash-for-reform deal.   
      
   Critics say the IMF has damaged its credibility by going along   
   with political fudges to keep Greece in the euro zone rather   
   than insisting on write-offs, first by private creditors and now   
   by European governments, to make its debt sustainable.   
      
   "One of the most important lessons for the IMF from the Greek   
   programme should be that a multilateral institution should not   
   institutionalise special interests of a subset of its   
   membership," said Ousmene Mandeng, a former IMF official who is   
   now an economics adviser.   
      
   "The interest of the IMF is not necessarily aligned with the   
   EU/ECB," he said.   
      
   http://in.reuters.com/article/2015/06/10/eurozone-greece-imf-   
   idINKBN0OQ2E620150610   
       
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)