IMF still sees fiscal gap in 2018 - no action needed, for now
Early banks stress tests offered as Greek programme compromise
Clean exit under discussion but course of third review holds key
Privatisation plan inches along as groups express interest in DESFA
IMF sees eurozone debt relief pledges failing to deliver sustainability
IMF insists fiscal targets unrealistic, cites historical evidence to support case
IMF sets out why it stands apart from eurozone on long-term growth prospects
Greece’s long-term growth potential was one of the main points of contention as the International Monetary Fund and the Greece’s eurozone creditors were attempting to bridge their differences on debt sustainability to ensure the conclusion of the review and the Fund’s participation in the programme.
In the official document setting out the Precautionary Stand-By Arrangement that was finally agreed at the June 15 Eurogroup, the Fund dedicates a section in which it outlines in detail its rationale for its conservative projections regarding Greece’s l...
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