Past Rifts Over Greece Cloud Talks on Rescue - WSJ.com - 0 views
-
It included no debt restructuring, such as forgiving principal, reducing the interest rate on the debt or stretching out the payment schedule to make servicing easier.
-
That spared the holders of the debt—chiefly European banks—the losses that would have come with restructuring.
-
Some of the IMF dissenters at the meeting and some IMF staff believe the interests of the European powers were placed above those of Greece, which has seen its economy contract by a fifth since 2009 and its jobless rate reach nearly 28%.
- ...9 more annotations...