IMF Says Greece Needs Even Deeper Debt Relief From Europe
Bloomberg posted on Wed 15 Jul 2015 Permalink
Greece needs debt relief “far beyond” what European creditors have been willing to consider, including possibly deep “haircuts” on the value of Greek debt, the IMF said in a new analysis.
Bank closures and capital controls have exacted a “heavy toll” on Greece’s financial system and the economy, leading to a dramatic deterioration in the ability of the country to pay its debts, the International Monetary Fund said in a preliminary debt-sustainability analysis released Tuesday.
