Germany Calls IMF’s Bluff and Wins: Greece Screwed Again | MishTalk
It's almost like Germany is getting back at Greece for something. Heh.
Mish has a nice post, which you should read.
He finishes up with:
"The only thing I am uncertain of here is whether or not the IMF was bluffing as opposed to flat out lying, pretending to be the “good cop” when all along it wanted to stab Greece in the back.
Plan a revisit in a year or less. Greece will not maintain a primary surplus of 3.5% of GDP."
Yep! It's the never ending story for our times.