IMFpresses for asset quality review, stress tests for Greek banks

Thursday, 14 September 2017 23:19
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International Monetary Fund (IMF) spokesman Gerry Rice on Thursday confirmed that the Fund considers that new austerity measures in still bailout-dependent Greece may be possible.

He also said an Asset Quality Review is necessary for Greek banks as well as more stress tests for lenders in the country, echoing a standing position by the Fund's leadership.

Finally, he again reminded that the IMF believes debt relief is necessary for the country.  

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