Greek debt must be sustainable for IMF to join bailout - Lagarde

Reuters  |  BERLIN 

(Reuters) - The International Monetary Fund will not take part in a programme for if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday.

needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) programme, the third since 2010.

The loan is needed to pay debt due in July, but talks continue and the has not yet decided whether to join the The fund's participation is seen as a condition for Germany to unblock new funds to

"If Greek debts are not sustainable based on rules and reasonable parameters, we will not take part in the programme," Lagarde told German newspaper Die Welt when asked if the would take part in the plan if Greek debt is not restructured.

($1 = 0.9391 euros)

(Reporting by Joseph Nasr and Paul Carrel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Greek debt must be sustainable for IMF to join bailout - Lagarde

BERLIN (Reuters) - The International Monetary Fund will not take part in a bailout programme for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday.

(Reuters) - The International Monetary Fund will not take part in a programme for if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday.

needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under its 86 billion-euro ($91.58 billion) programme, the third since 2010.

The loan is needed to pay debt due in July, but talks continue and the has not yet decided whether to join the The fund's participation is seen as a condition for Germany to unblock new funds to

"If Greek debts are not sustainable based on rules and reasonable parameters, we will not take part in the programme," Lagarde told German newspaper Die Welt when asked if the would take part in the plan if Greek debt is not restructured.

($1 = 0.9391 euros)

(Reporting by Joseph Nasr and Paul Carrel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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