`Greek pension reform key to 3rd bailout'

Greece may have to wait until the second quarter before a decision is made on a third bailout, says the IMF.

It may take the International Monetary Fund until the second quarter to decide on whether to take part in a third bailout for Greece, the lender's chief Christine Lagarde has told a German newspaper.

She added in remarks to Sueddeutsche Zeitung that the question of debt sustainability and progress on Greek pension reforms would be key to any participation.

"It is clear that pension reform is the trigger that will prove that Greece's economic position is improving," she was quoted as saying.