The air of crisis over Greece relates to that country’s inability to repay money owing to the IMF and the European Central Bank. Greece is already in default with the IMF anyway. As it will be the Euro area, ECB and IMF who lend new money to Greece, why is there still this air of crisis over the old money the IMF and ECB are owed? Greece cannot repay it unless they are lent it back again by the self same creditors! Greece remains a pawn in the hands of the IMF and the Euro area. Their economy continues to be damaged by the attitude of their creditors, who are helping undermine Greece’s ability to pay in the future.