Greece: The Game Is On Again - Frances Coppola

``The IMF's position is untenable. Since it can no longer credibly claim to be neutral, it must explicitly back one side or the other. If it backs neither, it will de facto be seen as supporting the creditors - and that is not consistent with its international mandate, since it effectively means giving up its quest for substantial debt relief (since the creditors have no desire to agree to this). But coming out in support of Greece probably means abandoning its long-standing commitment to ensuring fiscal sustainability through pension and tax reforms. It appears an impossible choice. If the IMF can concede neither of these, then it must do what it should have done long ago. Walk.''