Trichet accuses IMF of trying to rewrite history
PARIS (Reuters) – Former European Central Bank President Jean-Claude Trichet accused the International Monetary Fund yesterday of rewriting history by arguing that Greece should have been made to restructure its debt in a 2010 bailout. The IMF said in a report this month that it lowered its own standards to join a flawed program for Athens, saying, “An upfront debt restructuring would have been better for Greece although this was not acceptable to the euro partners.” Trichet, who was head of the ECB until late 2011, said the Fund never made such a suggestion at the time and should have taken more account of the need to stabilize the
Nutriart, the listed maker of Katselis bread and bakery products, has greatly reduced its operations after filing for bankruptcy. Production has stopped and the company’s employees have requested to meet with Labor Minister Yiannis Vroutsis. The Katselis retail chain has been under the ownership of Everest since 2010.