On Sunday Greece’s Prime Minister Alexis Tsipras said that there is a growing rift between the International Monetary Fund (IMF) and the European Union (EU) that is damaging Greece’s financial recovery.
“I would say that what is creating conditions of delay in regaining trust of markets and investors…is the constant clash and disagreement between the IMF and European institutions,” Tsipras said at a news conference in Thessaloniki.
The IMF has yet to decide if it will participate in Greece’s latest bailout saying that it is not sure if Greece’s debt is sustainable.
The delay in deciding, Tsipras says, is making the economic situation is Greece more dire as investors are hesitant to reenter the Greek market.
“I would say that what is creating conditions of delay in regaining trust of markets and investors…is the constant clash and disagreement between the IMF and European institutions,” Tsipras added.
Reuters recently published that Greece currently holds the highest debt to GDP ratio in the euro zone with figures exceeding 170 percent of national output.
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