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EU Issues Warning to Greece About IMF Repayment

2024-06-22OANDAOANDA
The EU’s economic affairs commissioner on Wednesday called on Athens “not to play games” with the International Monetary Fund as the body decides whether to participate in Greece’s latest bailout. Pierre Moscovici insisted the IMF must play a role in the three-year, 86-billion-euro (S$134.6 billion) rescue package agreed in July, but Greek Prime Minister Alexis […]

The EU’s economic affairs commissioner on Wednesday called on Athens “not to play games” with the International Monetary Fund as the body decides whether to participate in Greece’s latest bailout.

Pierre Moscovici insisted the IMF must play a role in the three-year, 86-billion-euro (S$134.6 billion) rescue package agreed in July, but Greek Prime Minister Alexis Tsipras has said funds from the institution are not necessary.

“We don’t play games with the IMF,” Mr Moscovici said in an interview with the German daily Suddeutsche Zeitung.

“We are going to try to come to come to an agreement with the Fund,” he said.

“For many (EU) member countries, not only Germany, the participation of the IMF is an absolute necessity,” the former French finance minister added.

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