Exclusive - IMF will stay out of Greek bailout, to take special status: sources

Exclusive - IMF will stay out of Greek bailout, to take special status: sources
 

The International Monetary Fund will not join the Greek bailout programme but will likely accept a special advisory status with limited powers that keeps it at the table, two senior sources with direct knowledge of the proposals said.
The IMF has been holding out for more than a year over the terms under which it would participate in any new program, arguing that the financial targets set in the European bailout are unrealistic without major debt relief.
But the Fund is increasingly resigned to European resistance to debt relief for Greece and it is now in talks to accept a newly created... read more

 
9 October 2016 in Business, Views: 46
Source: Reuters
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