Surprise!? Gerry Rice, director of The IMF’s communication department relvead to journalists the truth. That the international Monetary Fund had a Plan B for the case things in Greece would get out of control.
“The IMF has worked out Plan B to contain the crisis, should things with Greece get out of control, Rice told journalists during a briefing in Washington.
Rice declined to disclose details of the Plan B and said that “the main scenario for the IMF is not a Grexit, something that neither the Greek government wants.”
Responding to criticism about lack of flexibility, Rice said:
““We are flexible. We are open to explore all options. But in the end, the program needs to be credible in all aspects, on the policy side, on the reforms to be implemented, and on the financing side.”
IMF chief Christine Lagarde and Governor of the ECB, Mario Draghi will meet this evening to consider the developments in Europe and especially in Greece.
Greec’s new government has been negotiating with the Troika-Institutions since last February for a new deal but without result so far. Creditors insist in continuation of the strict austerity, something that left-wing SYRIZA cannot do as Greeks are economically exhausted after 5 years of loan agreements and strict austerity program.
UPDATE: the IMF dismissed the above media reports saying: Press reports today quoting IMF Gerry Rice as saying that the IMF is working on “a Plan B for Greece” are incorrect.