IMF predicts Greek default will coincide with EU referendum, claims WikiLeaks

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IMF predicts Greek default will coincide with EU referendum, claims WikiLeaks

April 2nd, 2016

Awake Goy

WikiLeaks said it had obtained details of a discussion last month between the top two IMF officials in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF mission chief for Greece.

The whistle-blowing organisation said the discussion showed that the IMF was planning to tell Germany it will abandon the Troika (composed of the IMF, European Commission and the European Central Bank) if the IMF and the Commission fail to reach an agreement on Greek debt relief.

The IMF officials say that a threat of an imminent financial catastrophe was needed to force other players into accepting its “measures” such as cutting Greek pensions and working conditions, but that the UK referendum on June 23 will paralyse European decision making at a critical moment, according to the records.

The IMF officials said a threat of an imminent financial catastrophe was needed to help reach a “decision point”, convincing German chancellor Angela Merkel on debt relief and Greece into accepting IMF “measures” against pensions and working conditions, said the transcript.

The UK referendum was said to add a complication that needed to be negotiated around – delaying a possible “moment of truth” until after the June 23 Brexit vote.