I find it difficult to believe that these agencies operate independently from politics. Borrowing of recent years would seem to confirm some of this. Agencies

I find it difficult to believe that these agencies operate independently from politics. Borrowing of recent years would seem to confirm some of this. Agencies seem to form part of the political landscape. In this case the agency is used as a means to apply political pressure: both on Germany to form an unpopular deal and Greece to accept terms. To me this looks to be part of political pressure applied by Washington on the IMF, Greece and the Eurozone. I'm sure the politicians want to act but any measure is going to be unpopular with one electorate or another. It's a political play for the consumption of the European electorate.