IMF wants debt reduction for Greece

Eager not to repeat what many see as one of myriad mistakes it and others made in Greece, IMF staff have for months insisted that the rescue has to include not just a series of difficult reforms by Athens, but also what in countries such as Germany would be a politically awkward agreement to help reduce the burden of Greece’s more than €300bn sovereign debt pile, most of which is now owed to other eurozone governments and taxpayers.

http://www.nejtillemu.com/imfeuro.htm#0814ft