IMF attacks EU over Greek bailout

unique times- Greek Prime Minister faces Euro zone deal battle

The bailout deal that was offered by the euro zone leaders to Greece has been attacked by the International Monetary Fund. The creditors have reported that Greece needs relief from its debt crisis as it has been highly affected by the debt. The IMF has suggested that a move must be initiated to resist the debt crisis. It is reported that the Greek parliament has to pass four pieces of legislation. This is believed to be the first requirement of the deal that has been offered after hours of negotiation in Brussels which was submitted on Monday. It is reported that Greece owns a debt of about 10% of 1.6 billion euro as payment to the IMF. It is said to have missed two deadlines of repayment to the fund and is the first EU country that has ever done so. The IMF has reported that it regarded forecast rates of the growth of Greece to be unrealistic.

Bejoy George.

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