IMF will refuse to join Greek bailout until debt relief demands are met

„The International Monetary Fund will refuse to participate in a new bailout for Greece until there is an ‚explicit and concrete agreement‘ on debt relief from the country’s eurozone creditors, an IMF official has confirmed. […]

On Wednesday, Christine Lagarde told the IMF’s board, made up of representatives of its member countries, that an IMF team should be sent to Greece. But the official said: ‚The board would not support a scheme that did not meet medium-term sustainability.‘ […]

The details of the third bailout are yet to be finalised but the IMF appears to be challenging Greece’s other creditors, led by Germany, to soften their opposition to substantive debt relief.“


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