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IMF offers tough solution to ESM for Greece

European economic and financial affairs commissioner Pierre Moscovici (left) chats with Greece Finance Minister Euclid Tsakalotos (centre) and European Commission vice-president Valdis Dombrovskis during an euro zone finance ministers' meeting about Greece in Brussels, Belgium on May 24.


AS European finance ministers gathered in Brussels to decide on the next bailout payment to Greece, the International Monetary Fund (IMF) has come up with a solution to reduce financing costs that may leave the bond market with indigestion.

The IMF suggested in a report that