IMF cannot join Greek bailout - FT

FXStreet (Córdoba) - The International Monetary Fund considers high debt levels and poor record on implementing reforms disqualify Greece from a third bailout program, FT reports.

The determination, presented on Wednesday at a FMI board meeting, means the Fund could not agree a third rescue programs for months.

FT says:

The Fund will only decide whether to participate during a “stage two” after Greece has “agreed on a comprehensive set of reforms” and, crucially, after eurozone bailout lenders have “agreed on debt relief”.