Further financial assistance for Greece depends on the successful completion of a review of its bailout programme and the participation of the International Monetary Fund (IMF), a spokesman for the German Finance Ministry said on Tuesday.
“Further payments depend on the successful completion of the programme’s review and the participation of the IMF,” the spokesman said.
On Monday, the head of the euro zone’s bailout fund said Greece will only receive more loans from the bloc if the IMF joins its latest aid programme, spelling out a condition thus far disregarded by Athens’s creditors.
Greece needs a new tranche of financial aid under its 86 billion euro bailout by the third quarter of the year or it faces the risk of defaulting on its debts.
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)
Source: dnaindia.com