Fund’s involvement in bailout now in doubt as leaked debt sustainability report warns bank closures and capital controls have hugely damaged Greek economy The severe damage caused to the Greek economy by more than two weeks of bank closures and capital controls means the stricken eurozone country will require far more generous debt relief than is currently on offer from its single-currency partners, according to the International Monetary Fund.A report by the Washington-based Fund leaked to the news agency Reuters shows that Greece’s public debt is likely to peak at 200% of its national income within the next two years, with the risk that the actual outcome could be even worse. Related: Greek bailout: Angela Merkel accused of blackmailing Athens Related: Alexis Tsipras aims to steer eurozone bailout plan through Greek parliament Continue reading...
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