The IMF’s debt sustainability report fully vindicates the position of the Greek government, spokesman Gavriil Sakellaridis said on Thursday, following the publication of the Fund’s preliminary report which said Greek debt is not sustainable and needs substantial debt relief. He noted that the report also constitutes a confession that the Memorandum has failed, as it is a statement made by the body that conceived it and not by an opponent. “With today’s report, the IMF fully vindicates the Greek government, both in terms of the sustainability of Greek debt, as on its insistence that any new deal with our creditors must necessarily include a restructuring/haircut of our debt,” Sakellaridis said. (source: ana-mpa)
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