According to Reuters report, partners of Greece believe that Athens is having second thoughts on exiting the program or not, as well as adopting a credit policy instead of the IMF loans.
The same sources also note the resistance of EU to Athens plan for stop borrowing from the IMF.
According to Eurozone Official:” Greece recognizes that a complete detachment of the program and the IMF is not in its best interest”. Another Official supports that a steep increase in yields on Greek bonds, shakes Greece back to reality, while several other officials said that the discussions during Eurogroup in Luxembourg this week contributed to the decision of Greece to change its opinion.
EU Officials also highlight the Greek policy and international economics are not consistent. The government hopes to ” be favored” from announcing its exit from the hated conditions imposed by third parties and especially the IMF. But investors believe that the current economic situation is still too fragile.
The fall of the Athens Stock Exchange over 11% in the last two days and the increased efficiencies of the 10-year bond to 7.85% on Wednesday, is reflecting the investors nervousness in relation to Greece’s ability to finance itself.