This year’s rescue plans for Greece and the eurozone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action, according to those involved in the emergency.
In a three-part series which starts today, the Financial Times reveals that European, US and International Monetary Fund policymakers at the highest levels held two key meetings in Washington in late April that set the framework for the rescue operations.
“The Americans became more and more frantic,” Alistair Darling, then the UK chancellor, told the FT in an interview. “In simple terms, they started saying, ‘What the hell’s going on over there? You guys are being incredibly complacent.’' F.T.''
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