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IMF won’t join Greek bailout before reforms

IMF won’t join Greek bailout before reforms

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 I

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 I…