International Monetary Fund

Tsakalotos responds to Tompsen: we will not accept the austerity measures the IMF wants

In statements to The Guardian today, Finance Minister Euclid Tsakalotos said that “after seven years of deep recession, no government would accept the measures requested by the IMF.” He also insisted that Athens has not agreed to pursuing a primary surplus of 3.5% of the GDP at the end of the program.

Completion of prior actions before Eurogroup is possible

It is possible for Greece’s pending prior actions to be completed before the Eurogroup on October 10, a senior Eurozone official told journalists on Friday. The official noted that it is necessary to conclude the two actions pending by Wednesday when the International Monetary Fund (IMF) and the World Bank will hold their annual meeting in Washington DC.

IMF Criticises EU over Terms of Greek Bailout, Calls for Debt Relief

The International Monetary Fund (IMF) has criticised the EU over the terms of the bailout agreement, which had been agreed between Greece and the eurozone leaders on Monday.

The IMF said that the Greek public debt was now "highly unsustainable" and called for urgent debt relief on a scale "well beyond what has been under consideration to date", the BBC reports.