The International Monetary Fund (IMF) has confirmed that it could participate in a third bailout for Greece, as long as the terms are right.<br /><br /> The Fund would be open to participating in a “complete” package for Greece, IMF Managing Director Christine Lagarde told French broadcaster Europe 1 on Friday.<br /><br /> “This complete package has two legs, a Greek leg that entails an in-depth reform of the Greek economy,” Lagarde said.<br /><br /> “The second leg is that of the lenders, which entails supplying financing and restructuring the debt to ease its burden.” <br /><br /> Lagarde’s words came two days after the IMF criticised the deal offered to Athens by the eurozone to kick-start bailout talks.<br /><br /> The Fund has insisted that a new bailout must include measures to restructure the country’s debt.<br /><br /> Athens has already missed two IMF debt interest payments, totalling around 1.6 billion euros.
