The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. The IMF has made a deal easing Athens’ repayment burden a condition of its participation in an 86-billion-euro ($94-billion) bailout. Several eurozone governments want the IMF to take part in a third bailout for credibility reasons even though they disagree with the need for debt relief. But a number of eurozone member states reckon that no debt relief is required at all, should Greece log a high primary surplus long enough. The issue is particularly sensitive in Germany where the provision of debt relief to Athens is seen as a vote loser in the run-up to the September general election in the country.

Source: Daily News Egypt May 12, 2017 12:22 UTC