Greece faces losing vital International Monetary Fund support unless European lenders write off significant amounts of its sovereign debt, the fund has warned Athens’ eurozone creditors, according to the Financial Times.
The warning was delivered to eurozone finance ministers by Poul Thomsen, head of the IMF’s European department.
In light of this revealing report, the Greek government issued the following non-paper commenting on negotiations with creditors in which it says a deal won’t be possible until the International Monetary Fund and European Commission agree on a common set of demands.
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(Photo of Athens: Clive Leviev-Sawyer)