Romanian economist Delia Velculescu, who forged a steely reputation as lead IMF negotiator in Cyprus deal, heads for Athens to engineer new agreementDelia Velculescu, the Romanian economist chosen to lead the International Monetary Fund’s negotiating team in Greece, was dubbed the “iron lady” during the fraught talks over Cyprus’s bailout. Given the poor relationship between Athens and its creditors, her toughness will be tested anew in the coming days.Velculescu arrives in Athens on Thursday amid uncertainty over the IMF’s willingness to throw its weight behind a third bailout for the stricken eurozone state. Alexis Tsipras, the Greek prime minister, hopes to negotiate a deal before 20 August but the IMF will subject any agreement to rigorous examination. Continue reading...
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