IMF says participation in Greek program contingent on balanced approach
Comments from an IMF official to MNI
- Timing of technical mission to Greece still to be decided
- No request yet for IMF participation in Greek programme
- Need reform and debt relief for IMF participation
- Did not support temporary Grexit proposal
So it comes down to how you interpret debt 'relief'. Does that mean a haircut (which is off the table) or maturity extensions and interest rate reductions?