Greece's financial crisis puts the future of the euro in question

Press quote (The Observer)
07 February 2010

But according to Charles Grant, director of the Centre for European Reform, the commission wants to keep the fund at arm's length because it would give the Americans a say in single currency affairs, a blow to European pride. Grant says this is regrettable: "The IMF is very experienced in these matters; it is professional and is not subject to political pressure. There is a political point as well. If the commission sets conditions that lead to hospitals being closed, there will be demos against Brussels. If the IMF does it, the demos will be against the fund."