IMF cannot join Greek bailout – FT

FXStreet (Córdoba) – The International Monetary Fund considers high debt levels and poor record on implementing reforms disqualify Greece from a third bailout program, FT reports.

The determination, presented on Wednesday at a FMI board meeting, means the Fund could not agree a third rescue programs for months.

FT says:

The Fund will only decide whether to participate during a “stage two” after Greece has “agreed on a comprehensive set of reforms” and, crucially, after eurozone bailout lenders have “agreed on debt relief”.

The International Monetary Fund considers high debt levels and poor record on implementing reforms disqualify Greece from a third bailout program, FT reports.

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