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Greece: a third aid package from the IMF will be needed

Thanos Catsambas, representative of Athens on the board of the International Monetary Fund warns: "Greece will need a new aid package" - "The new financing could take the form of Official Sector Involvement or additional loans" - "Greece must not get out of the Euro”.

Greece: a third aid package from the IMF will be needed

La Greece will have to resort to a third aid package from the Eurozone and European countries will have to find enough money to finance it. To affirm it is Thanos Catsambas, an executive director of the International Monetary Fundin an interview with the Wall Street Journal.

Catsambas, who represents Athens on the IMF board, declared that “Greece will need further funding which may take the form of either an Official Sector Involvement or additional loans, hopefully under better conditions.

When asked about the possibility of Greece leaving the Euro, Castsambas then defined it as an "undesirable eventuality, which would negatively affect the country for many decades". 

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