Lagarde Push for Greece Debt Relief Challenges Merkel

`` The Washington-based IMF, which requires borrowers to have sustainable debt, has made clear it won't ask its 187 other member nations to approve a deal until euro-area states significantly ease terms on existing loans... "There will come a time in the next three months that there will be a tense moment between the IMF and Germany," said Stephen Jen, a former IMF economist who is now managing partner at SLJ Macro Partners LLP in London. "They are basically telling the Germans there has to be a debt realignment before they would participate."''