Greece: The IMF can not participate in the third bailout – FT (New) – Dagens Industri

Greece: The IMF can not participate in the third bailout – FT (new)

                  2015-07-30 16:26
             

 (Adds final paragraph)       (SIX) IMF can not participate in the third bailout package to  Greece, writes the Financial Times citing a document  presented to the Board of the Fund.       It is Greece's high debt burden and poor track record when it  comes to implementing reforms means that the fund can not participate.       According to the document, the Fund may participate in the discussions to ensure  it is decided in line with what fund intended. But you can  not negotiate to reach an agreement at staff level.       Whether it will participate in the second stage, after Greece has been  on a package of reforms and lenders on debt relief, will  decided later.       This announcement is a setback for the bailout when German politicians  hinted that it will be difficult to get the package approved in German  Bundestag, unless the IMF is included. Further, it has been said that a  write-down of Greek debt are excluded. However, it has not   expressed himself as categorically about the restructuring, that is,  For example, extended maturities and lower interest rates.      Andreas Johansson, tel +46 31 350 6483  mailto: andreas.johansson@six-group.se  www.blogg.six.seSIXNews  SIX News