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- IMF: Greece will need far bigger debt relief that was considered by the Eurozone governments
IMF: Greece will need far bigger debt relief that was considered by the Eurozone governments
Reuters reported on Tuesday that Greece will need far bigger debt relief that was considered by the Eurozone governments, according to a confidential study by the International Monetary Fund (IMF).
"The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date - and what has been proposed by the European Stability Mechanism (ESM)," the IMF said.
A senior IMF official said on Tuesday that the debt relief would give Greece's economy a chance to recover.
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