EUROZONE-GREECE/IMF STATEMENT IMF says ready to help resolve Greek debt crisis

Record ID: 147311

  • Title: EUROZONE-GREECE/IMF STATEMENT IMF says ready to help resolve Greek debt crisis
  • Date: 13th July 2015
  • Summary: WASHINGTON D.C., UNITED STATES (RECENT) (REUTERS) IMF SIGN ON BUILDING EXTERIORS OF IMF ATHENS, GREECE (JUNE 29, 2015) (REUTERS) VARIOUS OF PRO-GOVERNMENT, ANTI-AUSTERITY RALLY IN FRONT OF PARLIAMENT BANNER READING (Greek and English): "Jails for euro bankers, not debt" PROTESTERS CHANTING AND WAVING GREEK FLAG PRO-EU RALLY IN FRONT OF PARLIAMENT BANNER READING (English):
  • Embargoed: 28th July 2015 13:00
  • Keywords:
  • Topics: General
  • Reuters ID: LVA2TK6NKMKW3UWMIIZKD4DORKJ6
  • Aspect Ratio: 16:9
  • Story Text: The International Monetary Fund said on Monday (July 13) it was prepared to work with Athens and its European creditors to help resolve Greece's debt crisis now that a conditional agreement has been reached on a new bailout.
    IMF spokesman Gerry Rice said the Fund's managing director, Christine Lagarde, had briefed the global lender's board on the outcome of weekend talks.
    "The IMF stands ready to work with the Greek authorities and the European partners to help move this important effort forward," he said in a brief statement.
    Eurozone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency.
    The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged leftist Prime Minister Alexis Tsipras to abandon promises of ending austerity and could fracture his government and cause an outcry in Greece.
    Greece however aims to reopen its banks on Thursday, bankers said. Facing a wave of withdrawals, the banks closed two weeks ago.
    If the summit on Greece's third bailout had failed, Athens would have been staring into an economic abyss with its banks on the brink of collapse and the prospect of having to print a parallel currency and exit the euro.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register