Of Greece and the IMF

So the IMF recommends restructuring Greek debt, and doesn't want to get involved otherwise.

It makes sense. No getting blood out of a stone, and you can't keep people in hock for generations. Look what that did to Germany after WWI; it poisons people, it poisons nations, and these things have a habit of spreading.
Of course it doesn't make the EU look great, but what kind of institution doesn't do real proper checks on a country's economy before letting it join? Especially when there's no mechanism for leaving?

No-one wants to throw good money after bad. We can forgive the debt but give no more, let Greece slide out of the EU, declare bankrupcy and carry on by itself, very tough indeed and surely all the 'example' needed, if we are feeling brutal. Or we can help them rebuild which may annoy everyone and set a worrying precedent for other Eurozone economies in trouble, but lays the groundwork for a secure more prosperous state, which surely benefits all of Europe. Again, it worked for Germany. The mistake is to punish and bully, which does not make for a secure state. Are we prepared to risk that to get our money back? I am no economist, and fully admit I may be wrong... but it is most peculiar that the realities of economy were ignored when Greece joined, and are now being invoked as some inescapable law of the universe, like physics or something. They can't pay. There it is.

http://uk.businessinsider.com/imf-report-could-derail-greece-negotiations-2015-7?r=US