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UK Prime Minister Backs IMF Proposal on Greek Debt Relief
UK Prime Minister Backs IMF Proposal on Greek Debt Relief
British Prime Minster David Cameron expressed support Wednesday for the International Monetary Fund (IMF) proposal to ease Greece's debt. 15.07.2015, Sputnik International
2015-07-15T12:54+0000
2015-07-15T12:54+0000
2015-07-15T12:54+0000
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business, newsfeed, greece's gordian knot: syriza tackles austerity, greece, britain, david cameron, eurozone, international monetary fund
business, newsfeed, greece's gordian knot: syriza tackles austerity, greece, britain, david cameron, eurozone, international monetary fund
UK Prime Minister Backs IMF Proposal on Greek Debt Relief
British Prime Minster David Cameron expressed support Wednesday for the International Monetary Fund (IMF) proposal to ease Greece's debt.
LONDON (Sputnik) — On Tuesday, the IMF said that EU countries should give Greece a 30-year grace period on paying back its European debt.
"The point they [the IMF] are making that there needs to be debt relief for Greece must be right," Cameron told the UK parliament.
Earlier this week, speaking at a Brussels summit for finance ministers, Chancellor of the Exchequer George Osborne asserted that British taxpayer money would not be used as part of the Greek bailout as the United Kingdom was not a Eurozone member.
Greece is struggling to repay its debts, including the $270 billion it owes to its main creditors — the European Central Bank, the International Monetary Fund and some Eurozone countries.
