Reuters
July 13, 2011
The IMF said on Wednesday private sector involvement (PSI) was fundamental to a Greek bailout and urged Athens to move faster on fiscal and structural reforms to avoid a debt default.
The International Monetary Fund, which provided a 110-billion-euro lifeline to Greece along with the EU a year ago, said Athens has put in place measures to correct past inertia blamed for missing some bailout deal targets and now implementation was key.
"If reforms are not in place, debt is not sustainable, that's for sure," the IMF's mission chief for Greece, Poul Thomsen, told a conference call.
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