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MOSCOW (Sputnik) Greece may require additional debt relief despite harsh austerity policy and Europe’s help, the policies to restore growth will have to be carried out, the International Monetary Fund (IMF) said Tuesday in a statement.
“Most Directors [of the IMF Executive Board] considered that, despite Greeces enormous sacrifices and European partners generous support, further relief may well be required to restore debt sustainability. They stressed the need to calibrate such relief on realistic assumptions about Greeces ability to generate sustained surpluses and long term growth,” the statement read.
According to the Executive Board directors, “debt relief needs to be complemented with strong…
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