Eurozone, IMF Eye Compromise to Unblock Loans for Greece
Eurozone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later, officials said on Monday. IMF head Christine Lagarde suggested a plan last week under which the Fund would join the Greek bailout now, because Athens is delivering on agreed reforms, but would not disburse any IMF money until the eurozone clarifies what debt relief it can offer Greece. Underlining the IMF’s willingness to strike a deal after months of wrangling between its European chief Poul …