The IMF said Thursday that Greece would need a lengthy period free from debt payments to achieve sustainable finances if the European Union does not agree to cutting the debt up front.
"It is possible to restore debt sustainability without upfront haircuts, although this would involve providing very concessional loan terms including long grace and maturity periods and very low interest rates," IMF spokesman Gerry Rice told reporters.
GMT 12:11 2017 Thursday ,27 AprilRussian navy ship damaged in collision off Turkish coast
GMT 12:09 2017 Thursday ,27 AprilECB leaves key interest rates unchanged in April
GMT 12:07 2017 Thursday ,27 AprilCourt upholds Habre's war crimes life sentence
GMT 11:28 2017 Thursday ,27 AprilEU parliament slams 'brutal repression' in Venezuela
GMT 09:28 2017 Thursday ,27 AprilIsrael missiles hit near Damascus airport
GMT 08:56 2017 Thursday ,27 AprilEU Parliament says Le Pen 'fake jobs' cost 5 mn euros
GMT 08:18 2017 Thursday ,27 AprilTwo police wounded by 'Islamist' on France's Reunion island
GMT 08:16 2017 Thursday ,27 AprilBoJ chief warns over 'likely' delay on inflation target