IMF denies it wants more Greek austerity

|By:, SA News Editor

Senior IMF officials have rejected claims that the organization is seeking to impose more austerity on Greece, in a sign of tension over whether the fund will join the eurozone's €86B bailout of the country.

Poul Thomsen, director of the IMF's European department, and Maurice Obstfeld, the fund's chief economist, said their main worries are that Athens is pursuing policies that are "unfriendly to growth" and the nation's debt is "highly unsustainable."

ETFs: GREK

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