International Monetary Fund

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.