Former U.S. IMF Director On Greek Bailout: 'Tough' But Necessary

06:08

July 13, 2015

Pro-Euro protesters take part in a rally in front of the Parliament on June 22. 2015 in Athens, Greece. Thousands of people attended the rally in support of Greece remaining in the European Union. Greek banks are closed for six days amid the uncertainty about the bailout deal. (Milos Bicanski/Getty Images)

Meg Lundsager, former U.S. executive director of the International Monetary Fund, calls the deal that was reached overnight between Greece and its European creditors a tough haul that the Greek government now has to sell to its people.

She discussed the new bailout agreement with Here & Now's Jeremy Hobson.

"What the Greeks won was a clear signal that the rest of the Europeans want to keep them in the Eurozone. But what the Greeks lost is that the Europeans want to keep the Greeks in on European terms," Lundsager said.

Guest

Meg Lundsager, public policy fellow at the Woodrow Wilson International Center for Scholars in Washington D.C. and former U.S. executive director of the IMF.

This segment aired on July 13, 2015.