IMF makes a bold proposal for tacklingGreece’s public debts

17 May 2016
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The International Monetary Fund has reportedly made a bold proposal regarding Greece’s public debt, claims the Wall Street Journal.

According to the Wall Street Journal, the IMF is pressuring the Eurozone to allow Greece to not pay any interest or principal on bailout loans until 2040.

Furthermore, the American newspaper reports claims that the IMF wants bond maturities to be extended for 2040-2080.

Additionally, the IMF is pressuring the Eurozone for a interest rate for the next 30 to 40 years to be fixed at 1.5%.

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