A Greek national flag flutters atop the parliament building in Athens, Greece April 11, 2016. REUTERS/Alkis Konstantinidis
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Ever since the IMF participated in the first Greek bailout six years ago, the stinging suspicion has been that the Fund is under Europe's thumb.Europe forged an 86 billion euro ($96 billion) aid package for Greece last year and powerful EU members are insisting that the IMF chip in.According to a withering internal audit report published Thursday, the IMF in 2010 did indeed cave to the Europeans by generously bailing out Greece in violation of the Fund's own internal rules and despite doubts about Greece's creditworthiness.The IMF can scarcely ignore Europe.If it abstains, the Fund may appear to suggest the bailout is doomed to fail.Doyle does not believe the IMF can be truly independent, saying the United States and Europe will still call the shots.
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