International lender issues strong message to Europe by warning that Athens' debts are unsustainable and it needs 20-year grace period on debt repayments The International Monetary Fund has electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs €50bn (£35bn or $55bn) of extra funds over the next three years and large-scale debt relief to create "a breathing space" and stabilise the economy. With three days to go before a knife-edge referendum, the I...
International lender issues strong message to Europe by warning that Athens' debts are unsustainable and it needs 20-year grace period on debt repayments The International Monetary Fund has electrified the referendum debate in Greece after it conceded that the crisis-ridden country needs €50bn (£35bn or $55bn) of extra funds over the next three years and large-scale debt relief to create "a breathing space" and stabilise the economy. With three days to go before a knife-edge referendum, the I...
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