Yanis Varoufakis Vindicated, while Lagarde emerges a loser? – David Marsh in MarketWatch

In his Monday column on MarketWatch David Marsh entitled his opinion piece: “Varoufakis vidicated, while Lagarde emerges as a loser”. Of course the point is not whether I have, or have not, been vindicated. The crucial issue concerns the viability, or otherwise, of the latest Greek deal. From day 1 I have been arguing that Ms Christine Lagarde has an interest in a negotiating impasse (between Greece and its creditors) so that she does not have to confess to the simple fact that the IMF’s staff will rebel if she signs another unsustainable loan agreement with a country whose debt is as unpayable as they come. For David’s analysis, read on…

Yanis Varoufakis
Vindicated, while Lagarde emerges a loser? – David Marsh in MarketWatch