IMF moves a step closer to joining Greek bailout, sources tell CNBC [CNBC]
Churchill Capital Corp V Class A (CCV)
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Source: CNBC
Matthew Lloyd | Bloomberg | Getty Images As the Greek government and its creditors continue to be at odds over the need for further austerity measures, sources have told CNBC recent developments suggest the International Monetary Fund is moving closer to joining the bailout program. Greece entered a third bailout program, worth 86 billion euros ($92 billion), in 2015 but the IMF has not been willing to sign up to the pact. There are still differences to be resolved, sources said. The institution has argued that the Greek debt is unsustainable and until the measures agreed under the program show that they will lead to a more sustainable debt, the Fund is not stepping in. A year and a half later the IMF has not committed itself to the program - a problem for countries like Germany, Finland and the Netherlands where the IMF's participation is interpreted as a key "credibility" factor. The institution led by Christine Lagarde has dealt with many ba
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