Greek Debt Crisis: Extra 50bn Euros Needed

The International Monetary Fund (IMF) said "Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans".


The IMF also cut its forecast for Greek economic growth from 2.5% to zero.
And it repeated its earlier suggestion that Greece needed debt relief in the form of extended repayment periods and lower interest rates.


The report comes ahead of Sunday's referendum on existing bailout terms.


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