“Greece's unprecedented fiscal effort, which was more than planned, has triggered…” — Charles Dallara

When you inject capital into the parent, it may or may not benefit the subsidiary.

We remain open to explore options on a voluntary approach built on a realistic outlook for the Greek economy and restoration of Greece's market access.

In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.

The risk of policy contagion could be magnified if a new funding arrangement were agreed between Argentina and the IMF before a comprehensive policy framework is developed that addresses fundamental investor concerns.