WASHINGTON (AP) — The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday.
Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt relief – extending loan terms or reducing the debt outright – that will allow Greece to pay its bills over time. "It's always been clear the IMF will only come in once these conditions are in place," he said, suggesting that point is months away.
STATE HOUSE, BOSTON Massachusetts lawmakers on Wednesday poured millions of dollars back into the state budget over Gov. Charlie Baker's objections and approved a two-day tax holiday designed to trade expected revenues to the state for an anticipated burst of consumer spending in mid-August.
