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IMF, the missing piece in Greek debt deal

Fund wants Europe to provide debt relief in order for it to give cash towards next Greek bailout

Protesters from the Communist-affiliated trade union PAME at an anti-austerity demonstration outside the Labour Ministry in central Athens in early August. The placard reads "No to layoffs. Steady and permanent jobs for everybody".

'I remain firmly of the view that Greece's debt has become unsustainable and that Greece cannot restore debt sustainability solely through actions on its own.' - IMF chief Christine Lagarde

New York

AT long last, European creditor nations and Greece have reached an agreement on a third bailout in five years.

The bailout, which was approved by Greece's Parliament on Friday, included familiar details: in return for an infusion of 86 billion euros, (S$134.4 billion),...

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