Sunday, August 2, 2015

Greek Bailout Without IMF?

Staff from The International Monetary Fund (IMF) said that without debt relief it would not participate the latest aid package. Greece's high debt levels and poor record of implementing reforms disqualifies it from a third bailout. The Greece solution, while fading into the background noise recently, is not over. An expanding crisis is likely this fall.

Headline: Greece news live: IMF pulls out of new bail-out as Alexis Tsipras on collision course with Syriza dissenters

Staff at the Fund says Greece does not meet criteria for further bail-out cash as Tsipras tells party to hold a referendum on creditor conditions



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