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Greek debt must be sustainable for IMF to join bailout: Christine Lagarde

Needs to implement reforms to secure a new loan under its 86 billion-euro bailout programme

Reuters  |  Berlin 

The International Monetary Fund will not take part in a bailout programme for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday. Greece needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) bailout programme, the third since 2010. The loan is needed to pay debt due in July, but talks continue and the IMF has not yet decided whether to join the bailout. The fund's participation ...

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First Published: Tue, April 18 2017. 15:08 IST