ECB’s Draghi avoids commenting on IMF’s review of Greek bailout program
European Central Bank (ECB) chief Mario Draghi sidestepped commenting on criticisms by the International Monetary Fund (IMF) on the handling of Greece’s first debt bailout, saying it was difficult to judge decisions and actions taken four years ago.
“It’s very hard to pass ex-post judgement about things that happened four years ago,» Mr Draghi told a news conference here.
In a report, the IMF admitted to significant failures in Greece’s first debt bailout in 2010, but also put much of the blame on its Greek and European partners, saying they were unprepared for the crisis and the harsh choices – including the debt restructuring – that may have made the first bailout work better.
Mr Draghi noted that the IMF had not criticised the ECB specifically, but admitted he had not read the report yet.
[AFP]
