Intervention by main lender follows mounting fears of Greek exit from eurozone as UK chancellor George Osborne warns of global economic threatThe International Monetary Fund has urged EU negotiators to slim down their list of demands in debt talks with Greece amid fears that time is running out to reach a deal, as the British chancellor warned that the impasse posed the biggest immediate threat to the global economy.Poul Thomsen, head of the IMF’s European department, said the reforms being demanded from Athens in exchange for a vital €7.2bn (£5.2bn) in rescue funds should be “simplified” and “slimmed down”.“We are not talking about nothing. We are talking about things, but now we need to make progress”. Continue reading...
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