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Dutchman Bob Traa's mid-2009 IMF report on Greece and the warning light on Greece
03/03/2010
Analysts point to the lack of immediate action as the main reason the crisis is spiralling out of control. The IMF report in mid 2009 raised the alarm on Greece's financial situation. One estimate is for bondholders needing to take 85% haircut on loans to Greece, instead of the 50% agreed to under the EU plan in November 2011. The situation has worsened as ECB president Trichet and others in the EU pushed austerity plans on Greece without working out needed serious debt reduction of over half the debt in 2009. The idea of a default in the eurozone was considered unthinkable, leading to errors in judgement by decisionmakers.
Grouped Articles
Greek Debt Crisis: The Back Story
New York Times 08.13.2011
A Warning Light to Alert the I.M.F.
New York Times 09.21.2011
EU Dismisses IMF's Criticism On Greek Bailout
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Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06.07.2013
Wall Street Journal 03.03.2010
Past Rifts Over Greece Cloud Talks on Rescue
Wall Street Journal 10.07.2013
BusinessWeek 06.24.2010
The Politicians Who Warned Greece—but Were Ignored
Wall Street Journal 07.11.2015
The Greek Debt Deal’s Missing Piece
New York Times 08.15.2015
Europeâs Two Years of Denials Trapped Greece
New York Times 11.05.2011
Modern Greece’s real problem? Ancient Greece. - The Washington Post
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How Greece Could Leave the Euro
New York Times 11.09.2011
Merkel Urges Party to Help Save Euro
Wall Street Journal 11.14.2011
Ratings Firms Misread Signs of Greek Woes
New York Times 11.29.2011
Greek Politician Expects Recession Will Linger
Wall Street Journal 12.06.2011
Dithering at the Top Turned EU Crisis to Global Threat
Wall Street Journal 12.29.2011
Deepening Crisis Over Euro Pits Leader Against Leader
Wall Street Journal 12.30.2011
Europe Walks Line on Ratings Firms
Wall Street Journal 01.14.2012
Wall Street Journal 02.22.2012
IMF Report Offers Bleak Outlook for Greece
Wall Street Journal 03.16.2012
Long-term understanding of the U.S. economic crisis - The Washington Post
Washington Post 03.19.2012
Germany, France Back Pledge to Save Euro
Wall Street Journal 07.28.2012
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