IMF calls for Greece debt relief as Germany talks tough




 
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IMF calls for Greece debt relief as Germany talks tough
 
July 14th, 2015  
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Topic: IMF calls for Greece debt relief as Germany talks tough


IMF calls for Greece debt relief as Germany talks tough
ATHENS/BRUSSELS (Reuters) - A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far, as Germany heaped pressure on Athens on Tuesday to reform and win back its partners' trust. The IMF's stark warning on Athens' debt was leaked as Greek Prime Minister Alexis Tsipras struggled to persuade deeply unhappy leftist lawmakers to vote for a package of austerity measures and liberal economic reforms to secure a new bailout. The study, seen by Reuters, said European countries would have to give Greece a 30-year grace period on servicing all its European debt, including new loans, and a dramatic maturity extension.




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