GREECE - IMF

After her meeting with German Chancellor Merkel in Berlin, IMF MD Lagarde told reporters that the Fund will remain engaged in the Greek programme one way or the other, however its role would become more clearer most likely after the 21 June Eurogroup. “The IMF can be engaged, and extremely engaged in multiple forms and under multiple statuses, using multiple tools,” Lagarde pointed. According to press reports, current negotiations between the IMF and Europeans mainly focus on maturity extensions for the loans provided in the framework of the second bailout programme (EUR 130.9bn), seeking a compromise between the 15 years asked by the IMF (the ECB appears to support the proposal) and the 5 years preferred by Germany.

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