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IMF unimpressed by third Greek bailout, reports say

  • Reports indicate that the International Monetary Fund (IMF) is unenthusiastic about contributing to a third Greek bailout, and is unlikely to provide funds initially.

    The IMF may, however, come on board later if the Greek government and eurozone address its core concerns. IMF staff has serious doubts about the Greek government’s ability to make its debt sustainable under the current terms of the bailout deal, reports say.

    Other European figures including a section of German MPs are also unhappy over the €86 billion bailout agreement.  

    Tagged as: International Monetary Fund, IMF, Greek bailout, Greek government, eurozone, IMF staff, Greek debt crisis, business news