EU faces crisis as IMF warns Greek debts are on ‘explosive’ path

The EU faces a looming crisis which could threaten the sustainability of the eurozone as the International Monetary Fund has warned Greece’s debts are on an “explosive” path, despite years of attempted austerity and economic reforms. Global financiers at the IMF are increasingly unwilling to fund endless bailouts for the eurozone’s most troubled country, passing

more of the burden onto the EU – at a time when Germany does not want to keep sending cash to Athens. The assessment opens up a fresh split with Europe over how to handle Greece’s massive public debts, as the IMF called on Europe to provide “significant debt relief” to Greece – despite Greece’s EU creditors ruling out any further relief before the current rescue programme expires in 2018. READ MORE

About ETH

End Time Head Lines

End Time Headlines is a Ministry founded in 2010 by Ricky Scaparo to provide resources to equip believers and to inform the discerning of the “Signs and Seasons” in which we are in. Our Mission is to inform our readers and viewers of Prophetic Events and how they are unfolding before our very eyes thru News and Headlines presented from a “Prophetic Perspective” in light of the Holy Bible.

Top Stories