How will the bailout work and how soon can it be activated?
The IMF is likely to be the first out of the box with money because it
is set up dispense money quickly once it gets board approval. (Getting
such approval is a foregone conclusion with European and U.S. backing.)
The money will be doled out over a number of years, though heavily front
loaded because of Greece’s pressing problems.
Delivering the money in tranches is the traditional IMF style — it’s a
way of keeping countries true to the
