Now Reading:

IMF chief in Athens to renegotiate bailout terms

world news

IMF chief in Athens to renegotiate bailout terms


The head of the IMF has arrived in Athens for talks on the Greek financial crisis.

The repayment terms of the country’s 110-billion euro bailout are reportedly up for renegotiation.

Hundreds of pensioners held a protest ahead of Dominique Strauss-Kahn’s arrival.

They say they share the anger of many Greeks over the tough austerity measures the government has been forced to impose.

“They have brought all pensioners to destitution,” said one protester. “We are fighting these policies that serve other interests. This policy serves the rich and not the pensioners.”

Greece’s bailout from the IMF and EU is currently spread out over three years, but strict conditions have been attached.

Next Article