Olivier Bailly: Debt relief for Greece should have IMF ‘stamp’

The debt relief measures for Greece must in some way bear the stamp of the International Monetary Fund (IMF) said Olivier Bailly, who heads the office of European Commissioner for Economic and Financial Affairs Pierre Moscovici, at a European Commission seminar on Wednesday.

Standing in for Moscovici, who was originally scheduled to speak at the event, Bailly said there was no longer time for the IMF to activate its programme for financing Greece but remained as a technical advisor in the post-programme surveillance. He also repeated that none of the countries in the Eurogroup, including Germany, considers that Greece should have a precautionary credit line.

Source ANA-MPA

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