Some fresh comments from French finance minister Christine Laarde are hitting Bloomberg (they're from an interview with Austrian newspaper Der Standard) pertaining the situation in Greece.
What's she saying? Let's put it this way, if you buy that the definition of insanityis doing the same thing over and over again, and expecting a new result, then this is it.
She's adamantly against a restructuring or anything else that's not totally voluntary by banks.
Instead, she wants Greece to move faster on reforms in exchange for any more aid.
Of course, moving faster on reforms, just means moving faster to the bottom, since the austerity measures taken so far have only made the situation worse on the debt/deficit front.
Of course, all this makes her a fine candidate for the IMF position—where she's tipped as the likely favorite—since this has been their philosophy forever, with horrible results.
Meanwhile, Europe is going busto today.
This story originally appeared on Business Insider
Read more from Business Insider:
New Details From The Letter Piroska Nagy Wrote To Warn The IMF About DSK's Behavior
Did Goldman Sachs Blow Its Intern Recruiting This Year?
Tim Geithner Has Already Made One Huge Debt Ceiling Blunder
The 11 States Where Unemployment Is Dropping The Fastest
_____________________________________________
Questions? Comments? Email us atNetNet@cnbc.com
Follow NetNet on Twitter @ twitter.com/CNBCnetnet
Facebook us @ www.facebook.com/NetNetCNBC