The International Monetary Fund has observed a careful stance regarding its participation in the third bailout for Greece, directly associating its participation not only with the implementation of measures by the Greek government, but also with Europe restructuring the public debt.
In a statement on the conclusion of the talks that were held in Athens, the IMF argued that a “very important step forward” towards “fiscal sustainability, financial sector stability and sustainable growth” was achieved with the recent agreements.
The sustainability of the Greek public debt is a serious matter for the IMF, which could prevent the Fund from participating in he rescue package that may exceed 86 billion euros. The three European institutions issued their own sustainability report on the Greek public debt, which notes that it will reach 201% of the GDP in 2016 and is not expected to drop below 201% GDP by 2022.
Only if Greece’s European partners decide to take certain measures towards restructuring the country’s public debt will the IMF make a final decision on participating in the bailout.
