Greece Needs Financial Support: A Historical Moment for the New Development Bank (26.011.2015).
Do not push Greece too hard. Greece might declare default and exit from the EU. This is something that neither the EU, nor any other international authority can do anything about it. Should this happen, IMF and the European Central bank would lose a lot. Such a move, in addition, would create a new wave of economic crisis for the EU.
There is something else that the EU, the European Central Bank and IMF should carefully pay attention to it.
If you push Greece too hard, the country might ask the New Development Bank (BRICS group) for bail out and financial help. (I'm pretty sure, Greece will get a much better offer from the New Development Bank).
Note: Thus be logical and reasonable; do not say: Greece cannot get a new hair cut. Try to understand that Greece can get a better new hair cut from some other places. The era of supremacy of the WB and IMF is overrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
M. Sirani 26.01.2015