Greece's bailout not sufficient, says IMF chief Lagarde
August 16 , 2015
IMF chief Christine Lagarde has warned that Greece needed much more debt relief to tackle its economic woes.
The debt-hit country has secured an €86 billion package from its international creditors, of which €26 billion will be disbursed in the next few days.
But Lagarde told ministers from the eurozone that the bailout was insufficient to tackle the magnitude of the crisis Greece faces. She described Greece’s debt as “unsustainable”.