Jul
14
IMF Says Greece Needs Even Deeper Debt Relief From Europe
By
Christine Lagarde, managing director of the International Monetary Fund (IMF), departs following all-night bailout talks in Brussels, Belgium, on July 13, 2015.
Photographer: Jasper Juinen/Bloomberg
Greece needs debt relief “far beyond” what European creditors have been willing to consider, including possibly deep “haircuts” on the value of Greek debt, the IMF said in a new analysis.
Bank closures and capital controls have exacted a “heavy toll” on Greece’s financial system and the economy, leading to a dramatic deterioration in the ability of the country to pay its debts, the International Monetary Fund said in a preliminary debt-sustainability analysis released Tuesday…
IMF Says Greece Needs Even Deeper Debt Relief From Europe
