IMF participation in Greek rescue 'essential' | Bangkok Post: news

An International Monetary Fund official said the Fund's participation in the second Greek bailout is essential to make it work.

A man holds a placard critical of the Greek prime minister and the International Monetary Fund (IMF) in front of the Greek parliament in Athens. An IMF official said the Fund's participation in the second Greek bailout is essential to make it work.

But he also told journalists that the complex 237 billion euro ($314 billion) deal agreed Tuesday remains at immediate risk to the need to get a large commitment from private sector holders of Greek bonds to participate in a debt writedown.