John Lipsky

Acting head of the IMF, John Lipsky, formerly of J.P. Morgan (NYSE: JP) is out with some comments on Greece, and its need to compete. Lipsky said it is a critical question of whether Greece can compete or not. Lipsky also said that the Greece program has a "reasonable chance of success."

On Monday, the acting head of the International Monetary Fund, John Lipsky, stated that the IMF was not presently negotiating the second financial rescue package for Greece, according to Bloomberg. Instead, Lipsky stated that the IMF was focusing its efforts on the current financial rescue plan...

On Friday, the EUR/USD pair rallied as comments from German Chancellor Angela Merkel and French President Nicolas Sarkozy indicated that a new bailout package for Greece worth nearly 150 billion euros would come sometime in July, Reuters reported. The markets moved higher on the news. In the U.S...