The head of the International Monetary Fund has called for European creditors to provide “significant” debt relief to Greece, after Greek lawmakers accepted harsh austerity measures to secure their third bailout in five years. IMF Managing Director Christine Lagarde said Greece’s debt is unsustainable. She refused to commit the IMF to joining the bailout until it has had a chance to review the deal. Meanwhile, Greek Prime Minister Alexis Tsipras appears likely to call a confidence vote after nearly a third of lawmakers from his own left-leaning Syriza party abstained or voted against the bailout.
IMF Chief Calls for “Significant” Debt Relief for Greece
HeadlineAug 17, 2015