Eurogroup: Full Staff Level accord on Greece, IMF on board if debt relief steps are adequate

Irene Kostaki

Director of the IMF's European Department Poul Thomsen, European Commissioner on Finance Pierre Moscovici, Eurogroup President Jeroen Dijsselbloem and ESM President Klaus Regling attend the press briefing in Brussels, after the 24 May 2016 Eurogroup agreement.

Three sets of debt measures, more prior actions, full implementation of the Greek programme IMF board’s agreement on new debt sustainability analysis are the conditions that have to be meant.

It took some 11 hours for Tuesday’s Eurogroup meeting to reach a full Staff Level Agreement on Greece, in a form that makes International Monetary Fund’s (IMF) participation, as the Director of the IMF's European Department Poul Thomsen suggested, being also present at the meeting and the press conference that followed the conclusion.

Eurogroup’s President Jeroen Dijsselbloem said he was glad to welcome IMF’s will to recommend its participation to the bailout programme, if the new debt sustai...

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