What if this was the easy part?
By Simon Tilford,
13 February 2012
From New York Times
"The IMF has never approached a country like this," said Simon Tilford of the CER. "With this much austerity, it would always have a huge devaluation, too." But Greece cannot devalue its currency because it uses the euro, so "Greece has been asked to do something the IMF has never asked another country to do."
Link to press quote: