The International Monetary Fund (IMF) says it has suspended financial aid to Greece until the formation of a new government in the debt-ridden country.
“Discussions with the Greek authorities on the completion of the sixth review of the [aid] program…will resume once a new government is in place, in consultation with the European Commission and the European Central Bank,” said IMF spokesman, Gerry Rice, on Monday.
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However, he stressed that the suspension would not further deteriorate the country’s wavering economy as “Greece faces no immediate financing needs.”
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