The European Commission has disputed an admission by the International Monetary Fund (IMF) that mistakes were made in the handling of Greece’s bailout.
The IMF said on Wednesday that its growth forecasts for Greece had been too optimistic and debt restructuring should have been considered earlier.
But Commission spokesman Simon O’Connor said it “fundamentally disagreed” with some of the IMF’s views.
Greece received bailouts from the EU and IMF worth 240bn euros (£204bn).
The IMF released a study looking at the handling of the bailout programme on Wednesday.
“The report argues that an upfront debt restructuring in 2010 would have been desirable. We fundamentally disagree,” Mr O’Connor said.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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