As talks continue about to handle what would be the second bailout to Greece, the International Monetary Fund has released a statement warning prominent eurozone countries about a potential lack of money if the current landscape does not change. IMF chief Christine Lagarde was quoted as saying that there wouldn't be a problem in regards to, "current obligations, but this could change if the crisis worsens." This comes after speculation that a potential bailout for Greece could quadruple in the amount of euros needed in order to properly back the recapitalization of banks, and overall boosting of funds for the European Financial Stability Facility.
Greece's response is understandably pro-aide, and their prime minister for economic relations noted that if they were not able to get sufficient funding to remain in the eurozone, the country could see a return to the economic pitfall they experienced during the 1960's and 70's. But as questions swirl about whether Greece has acted any more efficiently and responsibly since the last bailout, it remains to be seen how patient the IMF and other agencies will be towards Greece, and how willing they will be to continue to provide that much needed money.
http://www.bbc.co.uk/news/business-15051883
By David Johnson
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