IMF warns of difficult decisions over Greek bailout

EUROPE must take tough decisions before the International Monetary Fund (IMF) can release its next block of aid for Greece, the fund warned yesterday.

Plans for a second international bailout of Greece are taking shape, with a proposal for a three-year package worth €80-€100 billion set to be ready in the next two weeks.

A senior Greek official said the government expected parliament to vote by the end of June on its medium-term austerity plan, a condition for the new package as Athens struggles to avoid defaulting on its debt.