IMF Won't Join Greek Bailout Before Reforms, Debt Relief

July 30, 2015 4:30 PM

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An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief.

Briefing reporters on condition of anonymity, the official says 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 th...

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