IMF: Greece needs €36bn more from EU

GMT 15:24 2015 Thursday ,02 July

Arab Today, arab today IMF: Greece needs €36bn more from EU

International Monetary Fund
Washington - Arab Today

Greece needs at least 50 billion more euros ($55 billion), including 36 billion euros from EU lenders, to stabilize its finances even under existing creditor plans, the IMF said Thursday.

In a new report on Greece's financing needs, the International Monetary Fund also cut the country's economic growth prospects for this year to zero percent from 2.5 percent previously forecast, in estimates that do not include the impact of this week's banking shutdown and capital controls.

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