Talks with IMF and eurozone have dragged on for months, but fresh funds needed so Greece can pay debt due in JulyIt is “urgent” to reach an agreement on a loan program for Greece but a commitment is still required from Athens on reforms and from Europe on debt relief, a senior IMF official said on Friday. “There is no doubt about that, it’s serious.”Talks between Greece, the International Monetary Fund and the eurozone have dragged on for many months. The eurozone says Greece can deliver a primary surplus of 3.5% of in 2018 but the IMF has said only 1.5% is feasible. The IMF also needs more clarification from Europe on how it will implement the promised debt relief for Greece, he said. She has stressed the fund cannot participate in any loan program unless the debt level of the country is considered sustainable.

Source: The Guardian April 22, 2017 02:03 UTC