IMF to participate for 'last time' in Greek bailout: Schaeuble

IMF to participate for 'last time' in Greek bailout: SchaeubleThe International Monetary Fund, a key creditor in Greece’s bailout, will not participate in any further rescues of the debt-wracked country, Germany’s finance minister told a Greek newspaper Saturday. “We have all acknowledged (eurozone and IMF) that the third Greek (bailout) payment will be the last with the participation of the IMF,” Wolfgang Schaeuble told Greek daily Ta Nea. The German finance chief has been inflexible on the issue of Greek debt relief, in opposition to the IMF which says it needs to be done to breathe new life into Greece’s floundering economy.



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