As disagreement has arisen over Greece`s fiscal targets, debt relief and promised reforms, fears have grown that Europe could face a new financial crisis.
The Fund has insisted on debt relief and precautionary fiscal measures to ensure that Athens can meet its fiscal targets before it will consider participating in the bailout.
The comments came shortly before euro zone finance ministers will meet in Brussels to assess Greece`s progress in fulfilling the conditions of its bailout.
The German government, gearing up for election in September, opposes debt relief for Greece as demanded by the IMF, and says the current programme can only continue if the Fund joins in.
Bavarian Finance Minister Markus Soeder called for a tougher stance in negotiations with Greece, suggesting Athens should only get fresh aid from its lenders against additional collateral such as cash, gold or real estate.
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