IMF warns Greece needs debt extension, may require writedown


  • World
  • Thursday, 02 Jul 2015

WASHINGTON (Reuters) - The International Monetary Fund warned on Thursday that Greece would need an extension of its European Union loans and a potentially a large debt writeoff if it grows more slowly than expected and economic reforms are not implemented.

The IMF warning in a preliminary draft of its latest debt sustainability report came as Greece readies for a Sunday referendum on an international bailout deal that Prime Minister Alexis Tsipiras has urged voters to reject.

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