IMF official says OSI should be considered to make Greek debt sustainable
European countries should consider restructuring the Greek debt they
hold if the country's financial burden proves to be unsustainable, an
IMF executive director told a Dutch newspaper.
"A contribution
from governments will then certainly be a topic of discussion,» Dutch
paper Het Financieele Dagblad quoted Menno Snel as saying in an
interview published on Monday.
His comment highlights a key
differences between the European Union, European Central Bank and
International Monetary Fund - Greece's «troika» of lenders - over how to
solve its debt crisis.
European officials told Reuters late last
month that the IMF is pushing them to restructure debts Athens owes
them, an uncomfortable prospect for leaders who find the idea of their
governments taking losses on the debt politically unpalatable.
Europe would prefer to give Athens more time to get back on track with its fiscal programme.
Snel
is one of the 24 executive board members at the IMF, representing the
Netherlands and 12 other countries from central and eastern Europe, the
former Soviet Union, and the Middle-East.
[Reuters] |
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