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Greek bailout programme would end if IMF pulled out - German FinMin
February 6, 2017 / 11:52 AM / in 10 months

Greek bailout programme would end if IMF pulled out - German FinMin

BERLIN (Reuters) - Germany believes the International Monetary Fund (IMF) will remain on board with Greece’s bailout, a finance ministry spokesman reiterated on Monday, but said that a IMF decision to pull out would mean the end of the current programme.

Germany's Finance Minister Wolfgang Schaeuble arrives at a eurozone finance ministers meeting in Brussels, Belgium, January 26, 2017. REUTERS/Eric Vidal

Finance Minister Wolfgang Schaeuble has already made clear that if the IMF were not to participate, “then the programme is over”, spokesman Juerg Weissgerber said during a news conference when asked about an expected decision by the IMF board on Greece.

Germany, Europe’s largest economy, wants the IMF to have a stake in Greece’s bailout to give the rescue plan greater credibility, but opposes granting Athens the significant debt relief that the IMF is demanding.

Berlin has opposed large-scale debt relief unless Greece completes wide-ranging reforms and keeps running budget surpluses of 3.5 percent in the medium-term following the end of the bailout programme in 2018.

Reporting by Michael Nienaber; Editing by Victoria Bryan

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