IMF: Greek debt relief still needed after bailout deal - Reuters

Citing an IMF spokesman, Reuters in a recent report said: "a deal between Greece and its international lenders for more fiscal reforms settles one issue that has blocked the International Monetary Fund's financial participation in the bailout, but debt relief is still needed."

Key quotes:

• The Greek authorities have confirmed their intention to swiftly implement this policy package
• This preliminary agreement will now be complemented by further discussions in the coming weeks on a credible strategy for ensuring that Greece's debt is sustainable