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international-monetary-fund

The IMF Gets Behind Greece With Debt Relief Demand

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In a move that looks at once like a boost for Greece's economic cause and grounds for further complication among eurozone member countries, the International Monetary Fund on Tuesday warned that it might pull its support for the proposed bailout plan unless other nations agree to whittle down some of Greece's debt.

Breaking With Europe, IMF Calls Greek Debt Program 'Unsustainable'

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The International Monetary Fund, part of the troika of financial organizations currently demanding austerity from Greece, “electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs” $55 billion in extra funds and large-scale debt relief to create “breathing space” and stabilize its economy, The Guardian reports.

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