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Greek debt is unsustainable, IMF's Thomsen says

Greek debt is unsustainable, IMF's Thomsen says

The president of the European Council Donald Tusk said he was satisfied with the agreement reached at the Eurogroup.

"Strong message of stability for Greece, Europe and the global economy," Tusk said after the Eurogroup early on Wednesday (25/5/2016).

The IMF has welcomed the deal with the IMF European chief, Poul Thomsen, saying, "We welcome that all stakeholders recognise that Greek debt is unsustainable. We welcome that it is understood that Greece needs debt relief to make it sustainable."

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