View full page at forexfactory.com

 

IMF Threatens to Hold Back Aid to Greece

From greece.greekreporter.com

Greece faces losing vital International Monetary Fund support unless European lenders write off significant amounts of its sovereign debt, the fund has warned Athens’ eurozone creditors, according to a Financial Times report published on Monday. The warning, delivered to eurozone finance ministers by Poul Thomsen, head of the IMF’s European department, raises the prospect that it may hold back its portion of a €7.2bn tranche of bailout aid that Greece is desperately attempting to secure to avoid bankruptcy, the paper claimed. Half of the €7.2bn, which is the subject of intense negotiations between Athens and its ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News