The Bruegel Institute, the Brussels-based economics thinktank, warned last week that Athens would need a fourth bailout when its current lifeline ends in 2018. Photograph: George/Pacific//Barcroft ImagesThe IMF has said that recovery is impossible until Athens is granted some form of debt forgiveness. Germany’s lower house approved Athens’ latest aid package on the premise that the IMF would be involved. There is no more ‘lets see’,” he said, blaming lack of progress on the dispute with creditors over debt forgiveness. To a great degree what happens in Greece depends not on events in Athens “but much more fundamentally on Berlin and the IMF,” he insisted.

Source: The Guardian October 16, 2016 17:02 UTC