Calamos Supports Greece
GreekReporter.comGreek NewsEconomyIMF May Not Participate in Third Greek Bailout

IMF May Not Participate in Third Greek Bailout

imf-headquarters.siThe International Monetary Fund (IMF) said it may not participate in Greece’s third bailout program due to the country’s growing debt and poor record implementing previous economic reforms.
This means that while IMF staff will continue to participate in current negotiations around the Greek debt crisis, it could be months before they are able to come on board a new program – potentially even a year.
A four-page confidential document obtained by the Financial Times said that IMF staff will take part in policy discussions to help ensure that the Eurozone’s new bailout is in line with what the organization has in mind.
But it said that IMF staff can only decide whether to participate in “stage two” after Greece has agreed on a set of reforms and Eurozone creditors are on board with debt relief, a move that is inconsistent with EU treaties.
(source: FT, cityam)

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts