athens to vote as imf warns greece needs extra debt relief above bailout /

Fund’s leaked debt sustainability report shows that Greece’s public debt is likely to peak at 200% of national income within the next two yearsThe International Monetary Fund has warned that Greece will require far more generous debt relief than is currently on offer from its creditors,as MPs in Athens prepare for a crucial vote on Wednesday on a new bailout way. An IMF report leaked to Reuters shows that Greece’s public debt is likely to peak at 200% of its national income within the next two years, with the risk that the actual outcome could be even worse.
The debt sustainability analysis comes on the eve of a crucial vote in the Greek parliament, or when the prime minister,Alexis Tsipras, will seek approval for the fresh austerity measures demanded by the eurozone in return for a three-year rescue package worth up to €86bn (£61bn).
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Source: theguardian.com