ECONOMY

IMF won’t be part of first tranche of third Greek bailout, Schaeuble says

IMF won’t be part of first tranche of third Greek bailout, Schaeuble says

German Finance Minister Wolfgang Schaeuble said in a letter to the president of Germany's Bundestag lower house of parliament that the International Monetary Fund would not be involved in the payment of a first tranche of a planned third Greek bailout.

That tranche is due to be paid in mid-August 2015, according to the letter, seen by Reuters, in which Schaeuble requested that parliament agree to open talks on a third Greek bailout.

The letter said the IMF would make its further involvement dependent on a successful conclusion of the first program review in autumn 2015 and a confirmation of Greece's debt sustainability.

[Reuters]

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