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IMF Greek Debt Relief Terms Signal Tough Bailout Talks Ahead

IMF official’s comments point to possible European bailout for Greece without the fund

By

WASHINGTON—A senior International Monetary Fund official on Thursday cooled European hopes to secure IMF backing for a Greek bailout plan soon and opened the door for emergency financing without new loans from the fund.

“For the IMF to participate in the program with financing, both credible policies and substantial debt relief will be needed,”...

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