IMF Warns It May Withhold Greek Bailout Cash

The International Monetary Fund fears Greece's debt burden is becoming unsustainable again, and it has warned it may withhold bailout money unless the eurozone agrees to debt relief, the Financial Times reported late Monday. Representatives of Greece's anti-austerity government are set to meet European counterparts Tuesday as the protracted negotiations between Athens and eurozone lenders continue. Greece faces a 750-million-euro ($832 million) debt repayment to the IMF next week, but there are fears it will run out of cash unless it reaches a deal with creditors to unlock the next tranche of bailout money. Eurozone officials have categorically ruled out a write-down on Greece's debt.

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