Photo: Ahmad Halabisaz/ZUMA
IMF URGES MORE GREEK DEBT RELIEF
The Eurozone must “go well beyond what has been under consideration to date” to relieve Greek debt, and it could even eventually forgive a part of it, IMF officials wrote in a report obtained by Reuters.
- The IMF report was submitted to Eurozone authorities late Monday, hours after a new bailout agreement averting a “Grexit” was signed between Greece and the 18 other Eurozone members.
- The Greek parliament will vote on the new bailout plan today. As The Guardian reports, parliament members will be asked to back an overhaul of the VAT system and an increase in the retirement age. Such measures had been rejected in the July 6 referendum.
- The vote is seen as a test of leadership for Greek Prime Minister Alexis Tsipras.
- At least 35 members of the prime minister’s Syriza party said last night that they would vote against the measures, arguing that the bailout agreement would only worsen poverty and unemployment.
