European Stability Mechanism (ESM) managing director and EFSF CEO Klaus Regling on Thursday dropped his own “bomb shell” by pointing to the IMF’s participation in the latest Greek bailout as absolutely necessary.

Speaking from Berlin at a press conference focusing squarely on the Greek issue, Redling was quoted as saying that “I do not consider that the ESM can, by itself, finance the 86 billion euros (of bailout money). “