Germany, France Back IMF Greek Role, Official Says (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=areq4PDiEpDI&pos=6

“The euro area’s ability to impose the rules that it already has have been inadequate,” David Mackie, chief European economist at JPMorgan Chase & Co said. “In some sense you have to bring someone in who does a better job of it. The existing rule book has failed otherwise we wouldn’t be in this mess.”