Europes Double Trouble:IMF Fears Brexit,Greek Bailout May “Paralyze”EU This Summer

Saturday, April 2, 2016
By Paul Martin

EU leaders will have to work hard on two fronts this summer if they want to keep old traditions within the union. WikiLeaks released information that the IMF fears that a possible Greek default on its debt will coincide with Britain’s referendum on its EU membership and freeze the EU’s decision-making process.

The whistleblowing organization obtained information from a discussion on March 19, 2016, between two top IMF officials — Poul Thomsen, the head of the IMF’s European department, and Delia Velculescu, the IMF mission chief for Greece.

The top IMF experts believe that a possible Greek default on its third bailout would coincide with Britain’s possible Brexit and it would be hard for the EU to deal with two major events at the same time.

“This is going to be a disaster,” Velkouleskou said during the meeting.

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