Future of Europe

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

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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?