EC, IMF at odds over timing of Greek debt restructuring

BRUSSELS: The European Commission has rejected the International Monetary Fund’s (IMF) view that lenders mishandled the first Greek bailout in 2010 by allowing Athens to delay a debt restructuring to 2012.

The Commission, which together with the IMF and the European Central Bank forms the Troika that prepared the bailouts of Greece, Ireland, Portugal, Spain and Cyprus, said tackling a restructuring in 2010 would have been wrong.