IMF's Velculescu in Athens
- Written by E.Tsiliopoulos
The International Monetary Fund (IMF) mission chief for Greece Delia Velculescu arrived in Athens on Thursday to join the negotiations between Greece and the institutions representing its creditors on a third financial assistance package.
Meanwhile, according to a document leaked to the 'Financial Times', the IMF will not participate in a third bailout for Greece at this stage.
According to the FT article, the IMF's board was told in a meeting on Wednesday that Greece's debt levels were too high and its record for implementing reforms to poor to qualify for assistance under IMF rules.
IMF negotiators will take part in talks on the bailout programme but they "cannot reach staff level agreement at this stage”.
The Fund will only decide whether to participate after Greece has “agreed on a comprehensive set of reforms” and after eurozone bailout lenders have “agreed on debt relief”.
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