IMF: special status on greek debt’s crisis

The International Monetary Fund (IMF) will not join the Greek bailout program but will accept a special role as advisory status with limited powers, according to Reuters’ sources. “A special advisory status with limited powers that keeps IMF at the table”, looks like the most possible scenario, Reuters reporting two senior sources.

Gerry Rice, Head of the International Monetary Fund’s (IMF) Communication Office, denied the report.

Talks between Greece, its European creditors and the IMF have been at an impasse since German finance minister Wolfgang Schaeuble insisted on the IMF taking part but rejected calls from IMF Managing Director Christine Lagarde for a big debt restructuring.
"This way Lagarde can go to the board and say, hey, 'I'm not violating our rules' and Schaeuble, whose government is facing an election next fall, can say, 'see, I have the IMF on board'" the source said.

Eurozone finance ministers were meeting in Luxembourg on Monday to decide whether Athens has made enough progress in implementing reforms to allow the release of the next tranche of bailout funding, worth 2.8 billion euros.