ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

IMF says it will not join Greece bailout

Publish Date
Fri, 31 Jul 2015, 5:52AM
Greek Prime Minister Alexis Tsipras (Getty Images)
Greek Prime Minister Alexis Tsipras (Getty Images)

IMF says it will not join Greece bailout

Publish Date
Fri, 31 Jul 2015, 5:52AM

The International Monetary Fund says it will not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.

"In order to ensure that medium term sustainability, there is a need for difficult decisions on both sides... difficult decisions in Greece regarding reforms, and difficult decisions among Greece's European partners about debt relief," an IMF official said on Thursday.

The official said the IMF can only support a financial rescue program "that is comprehensive".

"One should not be under the illusion that one side of it can fix the problem," he said.
"What is clear is that it will be some time before the two sides are ready to take these decisions."

Take your Radio, Podcasts and Music with you