UK Prime Minister Backs IMF Proposal on Greek Debt Relief

© AP Photo / Thanassis StavrakisA man passes graffiti in Athens, Tuesday, July 7, 2015. Greek Prime Minister Alexis Tsipras was heading Tuesday to Brussels for an emergency meeting of eurozone leaders, where he will try to use a resounding referendum victory to eke out concessions from European creditors over a bailout for the crisis-ridden country
A man passes graffiti in Athens, Tuesday, July 7, 2015. Greek Prime Minister Alexis Tsipras was heading Tuesday to Brussels for an emergency meeting of eurozone leaders, where he will try to use a resounding referendum victory to eke out concessions from European creditors over a bailout for the crisis-ridden country - Sputnik International
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British Prime Minster David Cameron expressed support Wednesday for the International Monetary Fund (IMF) proposal to ease Greece's debt.

LONDON (Sputnik) — On Tuesday, the IMF said that EU countries should give Greece a 30-year grace period on paying back its European debt.

"The point they [the IMF] are making that there needs to be debt relief for Greece must be right," Cameron told the UK parliament.

German Chancellor Angela Merkel, right, and Christine Lagarde, Managing Director of the International Monetary Fund - Sputnik International
Merkel Dealt Deadly Blow at Home as IMF Rebuffs Greek Bailout Deal
Earlier this week, speaking at a Brussels summit for finance ministers, Chancellor of the Exchequer George Osborne asserted that British taxpayer money would not be used as part of the Greek bailout as the United Kingdom was not a Eurozone member.

Greece is struggling to repay its debts, including the $270 billion it owes to its main creditors — the European Central Bank, the International Monetary Fund and some Eurozone countries.

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