Greece crisis: IMF calls for Greek debt relief after bailout approved

[muriel_volestrangler]

Source: BBC

The International Monetary Fund has called on eurozone ministers to offer Greece debt relief, following the approval of a new bailout deal.
...
IMF chief Christine Lagarde welcomed the agreement, but warned Greek debt had become unsustainable.

She said the country needed significant relief "well beyond what has been considered so far".
...
The BBC's Adam Fleming in Brussels says finance ministers will consider possibly writing off some of the country's debts in the autumn.


Read more: http://www.bbc.co.uk/news/world-europe-33945263

[Comrade Grumpy]

1. Now that Greece has demonstrated sufficient subservience to the Euromasters.

[LiberalLovinLug]

2. In Our ultimate benevolence....

And now that you have shown adequate groveling and promised to squeeze your filthy poor for all you can, I will proclaim you be allowed to live. What do you say?

[NobodyHere]

5. I think Westeros = Greece would be a better analogy.

Since they owe a ton of money to the Iron Bank of Braavos

[pampango]

3. As I recall, Krugman predicted this sequence of events.

We shall see if he is right about the inevitably of debt relief since everyone knows Greece can never repay all it owes.

[cstanleytech]

4. Actually they could repay but it would probably take them a few centuries if nothing is changed. nt