Greece will never be able to repay debts, warns IMF

Anti-austerity demonstrations have been taking place in the Greek capital
Anti-austerity demonstrations have been taking place in the Greek capital
SANDRO MADDALENA/CORBIS

The austerity programme imposed on Greece by eurozone leaders has been blown open by a leaked report from the International Monetary Fund revealing that the European Union’s numbers do not add up.

Greek MPs began voting yesterday on draconian cuts, tax increases and economic reforms that are intended to help Greece pay off its debts and qualify for new eurozone loans.

The leaked report could topple Alexis Tsipras, the Greek prime minister, who is facing a rebellion from a growing number of far-left MPs within his Syriza party, threatening his fractious coalition government.

Last night Mr Tsipras admitted that banks might have to stay closed for another month but insisted that he would not resign.

“I don’t plan to escape from my responsibilities, nor will