Ad
'It will not be a road paved with roses', said Lagarde (Photo: Consillium)

Lagarde: No IMF in Greek bailout without debt relief

The International Monetary Fund (IMF) will take part in a third Greek bailout only if there is a "complete" programme including a restructuring of Greek debt, the IMF director Christine Lagarde said Friday morning (17 July).

The up-to €86 billion bailout plan "is not viable" without debt relief, Lagarde told France's Europe 1 radio.

"That is why European countries admitted the principle of debt relief" in the euro summit statement signed Monday (13 July), she added.

While se...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Ad
Ad