Greece to apply for further IMF programme after March 2016 - Merkel

FXStreet (Mumbai) - German Chancellor Angela Merkel, in her response to Greek deal, said that Greece will apply for further IMF programme when the current one expires in March 2016.

Merkle stated that Greek parliament must approve entire conditions before German parliament meets to approve. Merkel added that Troika will resume normal supervision of bailout programme and that Eurogroup is ready, if necessary, to grant longer grace period and longer loan maturities after first review of Greek programme.

EU’s Juncker expressed confidence that Greek parliament can approve all the measures.