Greece Debt: IMF finally admits the truth

http://www.newyorker.com/news/john-cassidy/greeces-debt-burden-the-truth-finally-emerges?mbid=social_facebook

Just when you thought that the Greece saga had run out of plot twists, another one emerged on Thursday—and it was an important one. A few days before a referendum that will probably decide the fate of Greece’s Syriza government, one of the country’s creditors, the International Monetary Fund, came out and acknowledged that the stricken country is unlikely to recover until a good portion of its huge debt load is wiped out.