Friday, July 24, 2015

Greece edges closer to third bailout as it formally requests IMF help

Finance minister Euclid Tsakalotos writes to IMF head Christine Lagarde seeking new loan but sources say ‘logistical problems’ are delaying talks

Greece has taken a step closer to a huge third international bailout by formally requesting help from the International Monetary Fund (IMF), but sources said “logistical problems” were delaying the start of talks in Athens.

The Greek government, which is seeking a three-year bailout worth up to €86bn (£60bn) to avert financial meltdown and a chaotic exit from the eurozone, had initially planned to go without fresh help from the IMF as it considers the agency too wedded to draconian austerity measures.

Continue reading…
World news | The Guardian

The post Greece edges closer to third bailout as it formally requests IMF help appeared first on General Store.

Source: New feed

The post Greece edges closer to third bailout as it formally requests IMF help appeared first on General Store.



from WordPress http://ift.tt/1GMmAxD
via IFTTT

No comments:

Post a Comment