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IMF puts pressure on both Athens and the eurozone

31/07/2015 15:43
The International Monetary Fund will not participate in a new bailout program for Greece unless the government agrees to and implements certain reforms, and the country’s eurozone peers agree to a restructuring of its debt, according to a report published on Thursday in the Financial Times.

A senior IMF official told Kathimerini’s Washington correspondent, Katerina Sokou, on Thursday that while it has started talks on a new Greek program, negotiations cannot be completed unless there is a “specific and clear agreement on the lightening of the Greek debt,” which “will take some time.”

The source added that talks are aimed at a reliable program which the Fund could support and has to meet two conditions: a debt settlement by the Europeans and reforms by Greece.