Greece’s bailout plan “not credible” says IMF, denying further austerity demands


A file photo dated 18 May 2011 showing the logo of the International Monetary Fund (IMF) at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA.

IMF denies Athens’ spins on more austerity requests, wile Brussels say that “the IMF is not cooperating on the table,” defending Greece.

The quartet of institutions resumes the review process in Greece with the objective of reaching Staff Level Agreement (SLA) until the end of the year.

The European Commission spokesperson on Financial Affairs, Annika Breidthardt, confirmed in the Berlaymont press room on Monday that the heads of mission of all four institutions are back to reviewing the program. “The SLA will include what is necessary for the second review; those include the measures that have been agreed within the time fram...

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