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Monday, August 10, 2015

IMF believes Greece needs third bailout worth 90 billion euros

BERLIN (Reuters) - The International Monetary Fund (IMF) thinks Greece needs a third bailout worth around 90 billion euros ($98.9 billion), Germany's Handelsblatt reported on Monday, citing high-ranking EU diplomats. The paper said the IMF believed Greece's creditors needed to increase the size of the future bailout due to a recession in Greece. Up until now, it had been expected that Athens would receive up to 86 billion euros in fresh loans. (Reporting by Caroline Copley)


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