Catherine West – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Catherine West on 2016-10-19.

To ask Mr Chancellor of the Exchequer, what the UK’s policy is on requiring that Greece obtain debt relief before supporting future IMF lending to that country.

Mr David Gauke

Greece’s euro area support programme is a matter for Greece and the euro area. But it is strongly in our interest to see a stable euro area and a sustainable solution to these issues. For the IMF to grant a new programme to Greece, a proposal must be approved by the IMF Board. For a proposal to be put to the IMF Board, conditions under the Exceptional Access policy must be met. As part of these conditions, debt must be considered sustainable with high probability under the IMF programme.