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Greek PM Tsipras says IMF report supports "no" vote

Greece’s Prime Minister Alexis Tsipras has repeated his call for people to vote no in Sunday’s bailout referendum. In a televised address he said

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Greek PM Tsipras says IMF report supports "no" vote

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Greece’s Prime Minister Alexis Tsipras has repeated his call for people to vote no in Sunday’s bailout referendum.

In a televised address he said IMF analysis showing the country’s debt is unsustainable justifies his government’s decision to reject an aid package in favour of a new deal.

“In a nutshell, the main initiator of the memorandum is now confirming the argument of Greek government that the solution they give us doesn’t lead to a sustainable exit from the crisis,” said Tsipras.

In the report the IMF estimates Greece needs 50-billion euros of supplementary aid over the next three years.