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How IMF and ECB have the power to decide the fate of Greece
Greek leaders have fought fiercely in recent months with politicians from other European countries over relief on Greece's vast debt load. Yet the power to decide the fate of Greece lies not just in the hands of these national governments, but also with unelected officials at two powerful institutions: the European Central Bank and the International Monetary Fund. Each is a creditor to Greece, and each is expecting the country to repay it billions of dollars of debt in the coming weeks. The influence of the ECB and the IMF will be felt behind the scenes on Monday, when finance ministers from Greece and other European ... (full story)
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