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IMF demands debt sustainability for Greek bailout

Greece is more than 2b euros in arrears to IMF, and can't receive any more aid until it catches up on payments

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According to the latest IMF estimates, Greece's debt could equal 200 per cent of gross domestic product in two years, and it would need to spend a sum equal to more than 15 per cent of GDP annually to pay interest and principal on its debt.

Frankfurt

THE International Monetary Fund (IMF) said on Tuesday that it would remain involved in Greece's bailout only if eurozone leaders agreed on a plan that would make the country's debt manageable for decades to come.

The aggressive stance sets up a stand-off with Germany and

sentifi.com

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