Black Friday Sale
Black Friday Sale
HomeNewsWorldIMF should show 'good faith' in Greek bailout talks: Emmanuel Macron

IMF should show 'good faith' in Greek bailout talks: Emmanuel Macron

"The IMF's position should be in good faith and without added requirements," Macron said at the start of a two-day official visit to Greece.

September 08, 2017 / 09:02 IST

The IMF should show "good faith" and avoid making excessive demands of Greece should it choose to participate in the Greek rescue programme's remaining 11 months, French President Emmanuel Macron said today.

"The IMF's position should be in good faith and without added requirements," Macron said at the start of a two-day official visit to Greece.

Greece's third rescue programme, currently financially supported by EU states alone, runs to August 2018.

The IMF has said it will only contribute funds to the programme if EU creditors take further steps to lighten Greece's debt load, which has yet to happen over strenuous objections by Germany.

Macron on Wednesday bemoaned that the EU had to turn to outside assistance in the first place to rescue Greece in 2010, noting that this reflected a "lack of confidence" between European member states and institutions.

"I don't think that having the IMF supervise European programmes is a good method... the credibility and sovereignty of Europe justified doing things differently," Macron said.

first published: Sep 8, 2017 08:20 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347