Future of Europe

New perspectives on Europe’s unfolding financial, economic and political crises


Greece Has Made Tough Choices. Now It's the IMF's Turn.

Jun 18, 2015

The International Monetary Fund’s chief economist, Olivier Blanchard, recently asked a simple and important question: “How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?” But that raises two more questions: How much of an adjustment has Greece already made? And have its creditors given anything at all?