IMF analysis calls for Greek debt relief
Analysis encourages European lenders to double grace and maturity periods on existing loans
Greece needs to raise an additional €52 billion ($57.8 billion) to cover its costs between October and the end of 2018, according to staff at the IMF, while its European creditors should consider doubling the grace and maturity periods on existing loans.
These are the central conclusions in a ‘preliminary draft' of the IMF's debt sustainability analysis for Greece, concluded on June 26 and published on July 2. Since the report was completed, however, Greece has fallen into arrears with the Fund
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