IMF calls for Greek debt relief ‘far beyond’ EU plans
Memo warns public debt is ‘highly unsustainable’ in light of past two weeks
Greek public debt is now "highly unsustainable" according to IMF staff, who on July 14 stressed the need for debt relief that goes "far beyond what Europe has been willing to consider so far".
The country needs to raise an additional €85 billion ($93.5 billion) to cover its costs between now and the end of 2018, staff said, in line with Euro Summit estimates.
However, in an update of the preliminary draft of the IMF's debt sustainability analysis, staff pointed to a "deterioration" in the
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