Lipsky Says IMF Not Negotiating New Greek Bailout Program

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The International Monetary Fund isn’t negotiating a second rescue package for Greece while it weighs whether to approve the next payment of the country’s initial program, acting IMF head John Lipsky said.

“We are not negotiating a new program,” Lipsky said today in a press conference in Luxembourg. “There always exists that possibility, but there has been no request by the Greek authorities to negotiate such a new program. We are concentrated today on the existing program and what is needed to put it back on track and to therefore allow the next disbursement.”