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\f0\fs24 \cf0 IMF pressures EU over bailout terms\
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The international Monetary Fund has warned that it will not contribute \'8016.4 billion to a new Greek bailout unless there is a deal on debt relief.  Germany insists any bailout must have IMF participation.\
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Greek government debt (as percentage of GDP)\
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IMF projection: 200%\
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IMF options:\
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1. Give Greece 30-year moratorium on all debt and interest repayments\
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2. Long - term subsidies to Greece to pay its debts \
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3. Cancellation of part of debt owed to Europe\
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2006 07 08 09 10 11 12 13 14 15 16 17 18\
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50 100 150 200\
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106.1%\
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2009: 129..7% Eurozone crisis\
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May 2010: First bailout, \'80110 billion\
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2011: 170.3%\
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Feb 2012: Second bailout, \'80130 billion\
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2014: 177.1%\
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\'80358.2 billion*\
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Christine Lagarde\
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IMF Managing Director.  Under IMF rules, fund is not allowed to take part in any bailout if recipient country's debt is considered unsustainable.  Greece owes 7% of its \'80301bn debt to IMF \'80 21.2 billion\
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Angela Merkel \
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German Chancellor.  Going ahead without IMF could make it very difficult for her to win approval in Bundestag on July 17 for new Greek bailout deal.  Greece owes German taxpayers \'8086.7 billion\
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Alexis Tsipras \
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Greek Prime Minister needs bridge financing to repay \'803.5bn to European Central Bank on July 20.  Athens is also \'802.1bn in arrears to IMF.  In August further \'805.6bn is needed to repay debts \'8011.2 billion \
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*based on 2014 GDP of \'80179.1bn.  Includes bilateral loans, EFSF and ECB exposure\
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Sources: IMF, ECB, Open Europe \
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Pictures Xinhua, ZUMA Press/ Newscom\
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words 254}