Greece’s bailout will be debated by the Bundestag today, as IMF chief Christine Lagarde warns the plan isn’t ‘viable’ without debt reduction 7.59am BST Greece’s bailout package simply isn’t viable unless the country is given significant debt relief to make its borrowings sustainable.That’s the message from International Monetary Fund chief Christine Lagarde this morning. She told France’s Europe 1 radio station that only a “complete package” would lure the Fund back to help:“That means holding a budgetary position that is sound and gives the country solidity; and the second leg is that of the lenders, which entails supplying financing and restructuring the debt to ease its burden.”Lagarde IMF says eurozone creditors Greece bailout is not 'viable' without debt relief. Draghi ECB agrees. Why this EU charade? #Grexit 7.50am BST Good morning.Greece’s bitterly fought and generally flawed bailout plan faces another hurdle this morning -- approval from Germany.Die Sondersitzung im #Bundestag zu den #GriechenlandHilfen wird um 10 Uhr live auf http://t.co/Owk1pEJsVJ übertragen. pic.twitter.com/NjpVZQfnUU Continue reading...
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