Greece’s debt restructuring

The heads of IMF, ECB, ESM, EC’s Vice President and the MoFs of Germany, France and Italy will meet this coming Saturday in Canada at the sidelines of G7, aiming to reach an agreement over Greece’s debt restructuring. An agreement could allow the IMF to participate at Greece’s program as its participation is subject to a clear DSA, ie subject to Greece’s debt being sustainable as per its own calcs and rules.

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