Greece’s negotiations with international lenders for desperately needed rescue funds are stuck some two weeks before bankruptcy looms, the IMF says.
The International Monetary Fund said on Thursday the talks were stalled over the conditions for financing Greece as it seeks a two-year extension to meet fiscal goals.
While Athens has made “good progress” on fiscal and structural reforms, IMF spokesman Gerry Rice said in Washington, “an understanding must also be reached between Greece and its creditors on financing terms consistent with debt sustainability”.
That news triggered a five per cent drop in Athens’ main ATHEX stock index, which tumbled below the 800 point level to close at 761.24 points.
(source: AAP)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
