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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Friday, July 3, 2015

Greece debt crisis: IMF calls for 20-year grace period before any debt repayments

Just three days ahead of a hastily-called referendum on Greece’s bailout, the International Monetary Fund said in a report Greece needs €50bn in extra funds over the next three years, and should be granted a 20-year grace period before making any debt repayments. The IMF calculations reveal that Greece’s enormous debts are “unsustainable”, and would be all but impossible to pay off.


READ THE ORIGINAL POST AT www.independent.co.uk