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IMF offers tough solution to ESM for Greece

Wed, May 25, 2016 - 5:50 AM

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.

PHOTO: REUTERS

London

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...

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