IMF Calls on Europe to Give Greece ‘Unconditional’ Debt Relief
- Europeans should give some debt relief up front, IMF says
- IMF staff lay out debt-relief scenarios in new analysis
Inside the EU and IMF Dispute Over Greece
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Greece’s European creditors must give the nation “unconditional” debt relief for the International Monetary Fund to provide new financing, the Washington-based fund said, laying out its position as Euro-area finance ministers meet in Brussels to discuss the bailout.
Euro-area governments should send a signal to markets that the nation’s borrowing burden is sustainable by providing debt relief before the next installment of Greece’s 86-billion-euro ($96 billion) bailout is disbursed, according to a preliminary debt-sustainability analysis of Greece’s finances that the IMF released Monday.