IMF to participate in new Greek bailout plan reports WSJ

Dow Jones reports IMF to take part only if Greek debt is cut

According to The Wall street Journal, the International Monetary Fund is ready to participate in the new Greek bailout plan. The financial newspaper cites EU sources who say IMF officials informed Eurozone staff of the Fund’s decision to take part in the new deal agreed upon between Greece and the Quartet. Dow Jones Newswire, on its part reports that the IMF will only participate, if there is a debt relief.