Greek debt restructuring is inevitable, says IMF chief

Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday.

"It's inevitable that there is an element of debt restructuring," IMF Managing Director Christine Lagarde said at a news conference.

The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

Yahoo News

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