Greece’s benchmark government bond yields have hit their highest level in two months amid concerns the International Monetary Fund is poised to exit its involvement in the country after more than six years of bailouts.
…Investors are dumping the bonds after a leaked IMF report laid bare the schism between the fund and the EU over Greece’s economic health after 2018.
…The Washington-based fund has a far more pessimistic outlook on the health of the Greek economy, warning of “explosive” debt dynamics if the EU does not provide a major debt restructuring for the country.
PG View: If the IMF pulls the plug, one has to wonder what the EU and the ECB will do . . . Will the term Grexit come to the fore once again?