Athens says Europe 'doesn't need IMF' on eve of crunch summit

Greece does not want any more help from the IMF, minister of state Nikos Pappas said on June 21 on the eve of a summit which could determine whether the country crashes out of the eurozone.     

?I am one of those who think that the IMF should not be in Europe. I hope we find a solution without its participation,? Pappas, who is close to Prime Minister Alexis Tsipras, told the daily Ethnos on June 21.

He claimed that Europe ?has no need? of the Washington-based institution, which has an ?agenda which is not at all European? and ?can continue without it and its money.?  
  
The IMF was called in to help rescue Greece at the end of 2009 when the debt-plagued country could no longer borrow on international markets.     

The EU?s involvement in the huge bailout, which was to provide 240 billion euro in loans in exchange for drastic austerity measures and reforms, runs out at the end of this month, but IMF support was to supposed to continue to March 2016.

Talks between Greece and its lenders have deadlocked for nine months over the payment of the next 7.2-billion-euro tranche of the bailout, with talk also turning to an extension of the European help.
    
Differences of approach between the EU and the IMF have also dogged the discussions.

For the Greek government any extension of the bailout should be about kickstarting the country?s devastated economy and not further austerity. They also want its crippling debt burden lightened.

The agreement should be of a type and timeframe so that it would restore confidence,? Pappas told the newspaper. ?It shouldn?t be short-term which would only lead to further uncertainty.?
  
He set out Greece?s demands, which include the exchange of 27 billion...