The International Monetary Fund decided to walk out of the Greek creditor negotiations as no agreement was reached during the recent months.
“There are major differences between us in most key areas. There has been no progress in narrowing these differences recently and thus we are well away from an agreement,” said the IMF’s spokesman Gerry Rice.
The IMF’s decision to recall experts from Brussels proves its intention to stop negotiations. Gerry Rice also added that the ball is in Greece’s court.
It will not be a surprise if Greece does not repay €1.6 billion as all countries are ready for its possible default. However, the second scenario, Greece’s exit from the eurozone, is impossible. It may trigger other countries’ exit from the currency bloc.
However, some specialists suppose that Greece’s exit from the eurozone and a decline in the currency exchange rate may lead to disastrous consequences.
