The Traderszone Network

Published in TZ Latest News 30 July, 2015 by The TZ Newswire Staff

Greece, Europeans must reach deeper deal before IMF program possible

The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday. “The IMF can only support a program that is comprehensive,” the official said in a telephone briefing with journalists, adding that it “will take some time” before Greece and its European creditors can lay the necessary groundwork for a new IMF program.

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