The IMF position on Greece – explained

A brutal assessment of the bailout terms facing Athens by the International Monetary Fund calls for substantial debt relief for a further 30 years

Just hours before the Greek parliament's crucial vote to push through fresh austerity measures required by the new bailout plan, the International Monetary Fund released a devastating assessment of the beleagured nation's finances.

Warning that Greece will require far more generous debt relief than is currently on offer from its creditors, it predicted that public debt is likely to peak at 200% of its national income within the next two years.

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