IMF: Greece needs much larger debt relief from EU
International Monetary Fund
Washington - Arab Today
The International Monetary Fund said Tuesday that Greece's EU creditors will have to go "far beyond" their existing estimates for debt relief to stabilize the country's finances.
The Fund also said in an updated study of the country's long-term debt profile that given "considerable" downside risks to the country's situation, Greece could need more than the 85 billion euros ($94 billion) tentatively agreed on Monday for the country's third bailout.
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