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Lex: Greece, the IMF and the euro
Greece’s fate, and by extension the eurozone’s, may reach a mini-climax later this week. Berlin has refused to bail out Greece unless, for one, the International Monetary Fund is involved as well. The Bundesbank and European Central Bank have meanwhile said Greece cannot turn to the IMF. Athens insists it can. Whatever the result of Thursday’s European Union summit, it looks likely that the IMF will be called upon in some capacity. John Paul Rathbone analyses the latest moves.