17:02 GMT19 September 2020
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    Representatives of the International Monetary Fund (IMF) believe that a possible Greek default may coincide with the referendum on Britain's withdrawal from the EU, a WikiLeaks report revealed on Saturday, referring to a recent teleconference recording, which took place on March 19 between two representatives of the fund.

    The teleconference was reportedly attended by the director of the European department of the fund Poul Thomsen and the head of the IMF mission in Greece Delia Velculescu.

    According to the report, the IMF plans to declare its withdrawal from the "troika" of creditors if the fund and the European Commission cannot reach an agreement on the Greek debt.

    According to Thomsen, the threat of an imminent financial disaster is necessary to force other parties make corresponding decisions. In particular, it is matter of reducing pensions of the Greek population and increasing taxes.

    The IMF representatives believe that the referendum in the UK, scheduled for the end of June, may paralyze the decision-making process in Europe at a critical moment.

    According to Thomsen, Greece is not even close to the adoption of European demands. Velculescu, for her turn, said all creditors should exert further pressure on the Greek government and force it to pay back.

    "They want Greece to continue to pay. […] So it's a game of pushing, and pushing to screw the Greeks, to make them pay and to use these threats — and they are very very serious threats, basically: ‘If you don't pay we'll just smash you,'" professor of binary economics Rodney Shakespeare said in an interview with RT.

    "The West and Germans, in particular, are going to reinsure that Greece becomes a debt peon and agrees to pay more and more forevermore. It's a nasty situation. And on top of that, they want to use Greece as a lesson for the UK, and to say if you dare pull out of Europe we will do to you what we are doing to Greece," Shakespeare said.

    The problem for the IMF is that the European Commission wants to reach a compromise and takes a softer line on the issue. The main disagreement between them is whether to pressure the country to the end, until it is unable to pay and withdraws from the Eurozone, or stick to a more careful approach, pulling money out of Greece step by step.

    Related:

    Greece Prepared to Fight Germany for Debt Relief
    EU Considering Changing Rules to Give Greece $2Bln Debt Relief
    Tags:
    International Monetary Fund, debt payment, European Commission, Greece, Europe
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