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After WikiLeaks revelation, Greece asks IMF to clarify bailout plan


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After WikiLeaks revelation, Greece asks IMF to clarify bailout plan

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The IMF declined to comment on the WikiLeaks transcript, but said in a statement that Greece needed to be put "on a path of sustainable growth" supported by reforms and further debt relief

"Greece called on the International Monetary Fund (IMF) on Saturday to explain whether it was seeking to usher Athens toward bankruptcy ahead of a pivotal referendum in June on Britain's membership in Europe. Greece's comments came after IMF officials raised questions in a private discussion published by WikiLeaks about what it would take to get Greece's creditors to agree to debt relief.

The transcript, which captures what WikiLeaks said was a teleconference conversation in March between Poul Thomsen, the head of the IMF's European operations, and the IMF's Greek bailout monitor, underscored a widening rift between the IMF and Greece's European creditors that could jeopardise Greece's new Euro 86 billion bailout. It also exposed the fraught behind-the-scenes political machinations that have led to a deadlock on how to deal with a country still regarded as Europe's weakest link."

Full article on Business Standard

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Last Updated on April 4, 2016


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