IMF attacks EU over terms of Greek bailout

IMF MD Christine Lagarde

IMF MD Christine Lagarde

The International Monetary Fund (IMF) has attacked the EU over the terms of the Greek bailout deal that it imposed on its embattled Prime Minister Alexis Tsipras overnight on Monday. The creditor said Greece’s public debt had become “highly unsustainable” and it needed relief from its debts. It has suggested a number of options, including writing down the debt – a move most fiercely resisted by creditors.
The Greek parliament must pass four pieces of legislation on Wednesday, including provisions for tax increases and cuts in pensions.
Yesterday evening a senior IMF official indicated that the fund would only participate in a third bailout if its EU creditors produce a clear plan. The current deal “is by no means a comprehensive, detailed agreement”, the official said.

Source: bbc