(VOVworld) – The International Monetary Fund (IMF) said Thursday that Greece will need at least 50 billion EUR, including 36 billion from the EU, to stabilize its financial situation.

A woman passes a wall covered with Vote NO campaign posters on Greece’s bailout referendum. (Photo: EPA)

The IMF cut its forecast for Greek economic growth from 2.5% to zero and repeated its earlier insistence that Greece needs extended repayment periods and lower interest rates.