IMF spokesman Gerry Rice said Thursday that Greek debt is “high” and added that the European partners of Greece have agreed to debt relief.
At a scheduled weekly press conference, Rice expressed his concern about the possibility of political instability in Greece around the municipal and regional elections set for later this month.
“In the Greek program, like other programs, political stability is an important issue,” said Rice.
Speaking on the issue of debt, Rice noted that “the Greek public debt is already high and is expected to remain high” and added that Greece’s European partners and lenders have agreed to debt relief, if necessary, provided that Greece keeps its commitments to implement previously agreed reforms.
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