The Presidential Daily Brief

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  1. A man looks at the Athens skyline on February 20, 2015. Eurogroup head Jeroen Dijsselbloem was working overtime on February 20 to save a make-or-break meeting on Greece's demand to ease its bailout program as Germany insisted it stick with its austerity c

    IMF: Greece Needs Another $67 Billion

    The very organization it failed to repay $1.7 billion this week now supports sending more money to Athens, with two-thirds of the funds coming from the EU. The IMF also recommends comprehensive debt relief structured to give the Greek economy room to grow, including a 20-year extension for repayments. Prime Minister Alexis Tsipras today urged voters to reject the “blackmail” in Sunday’s referendum. EU officials, meanwhile, are demanding a “Yes” to reforms in exchange for a bailout, and president of the European parliament, Martin Schulz, wants Tsipras to resign.

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