The IMF remains sceptical about Greece’s ability to meet the ambitious budget surplus targets and continues to seek assurances that eurozone governments would agree to restructure Greek debt — mostly now held by EU creditors — if a credible reform programme is not implemented.
Financial Times 2 June 2015
IMF is also frustrated that the European side has been unwilling to address the issue of Greece’s debt pile seriously.
According to the IMF’s calculations, putting the Greek economy on a sustainable path now requires — at the very least — an extension of the maturities on Greece’s outstanding debts.
But European officials, wary of public opinion, have been reluctant to discuss even that.
FT June 11, 2015