Laid Low: The IMF, the Euro Zone and the first rescue of Greece (Blustein / CIGI)

"Unbeknownst to Papaconstantinou — and the other principal officials in the room, except Strauss-Kahn — a debt restructuring was being actively explored at the IMF, though in the most sotto voce way imaginable. A small group of Fund staffers held secret talks that spring, outside of Fund headquarters to avoid attracting notice, with officials from the German and French finance ministries." (h/t MadNihilist)

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