IMF close to giving up on Greece after official admits bail-out negotiations are ‘not working’

Greece has been given until 20 April to clean up its finances and set in place a number of economic reforms, necessary if it is to receive further rescue money

The International Monetary Fund (IMF) is close to giving up its role in Greece’s economic resuscitation, with one senior official admitting bail-out negotiations are not working.

The comments came as some voices in Athens seemed to be preparing themselves to default on their next debt repayment.

Poul Thomsen, the IMF’s Europe Director has been quoted by the Greek media as saying he could not see a successful conclusion to the country’s current bail out…

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