MF suspends financial aid to Greece – RTÉ News.
The International Monetary Fund has said it is suspending financial aid to Greece under its huge rescue program until a new government is formed.
IMF spokesperson Gerry Rice said discussion on the completion of the sixth review of Greece’s bailout will resume once a new government is in place.
Mr Rice added that the holdup in the programme would not impact the country’s finances in the short term.
The decision comes after Greek lawmakers failed to elect a new president in a final round of voting.
It leaves the country facing an early election that could derail the international bailout programme it needs to keep paying its bills.
The only candidate in the race, former European Commissioner Stavros Dimas, matched the result achieved in the second round of voting before Christmas.
However, he fell short of the 180 votes needed to become president.
