IMF needs debt measures on Greece to participate in bailout

If the International Monetray Fund (IMF) and eurozone countries agree on debt measures for Greece at next Thursday’s eurogroup meeting, the Washington-based group will activate its program on Greece, as initially approved in July last year, said Greece’s representative to the IMF, Mihalis Psalidopoulos, on Thursday.

Talking to a parliamentary economics commitee, Psalidopulos said that if the Greece program is activated by the IMF, then it will expire on August 30, ten days afters the EU’s program on Greece expires.

The measures the EU prepares on Greece must be specific so that they can be used by the IMF in its debt sustainability analysis. The fund sees Greek debt as being viable until 2030, said Psalidopoulos, but wants additional measures to make it sustainable after that.

 

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