Europe

IMF paints dark outlook for Greek jobseekers

  • Greece's Prime Minister Alexis Tsipras speaks during the 71st session of the United Nations General Assembly, Thursday, Sept. 22, 2016, at U.N. headquarters. (AP Photo/Frank Franklin II)

    Greece's Prime Minister Alexis Tsipras speaks during the 71st session of the United Nations General Assembly, Thursday, Sept. 22, 2016, at U.N. headquarters. (AP Photo/Frank Franklin II)  (The Associated Press)

  • Ferries are docked at the port of Piraeus, near Athens, during the first day of a 48-hour strike by the Panhellenic Seamen's Union (PNO) to protest new austerity measures that government plans, on Thursday, Sept. 22, 2016. Bailout-dependent Greece has agreed to carry out new austerity measures and reforms to secure vital rescue loans from its European creditors. (AP Photo/Petros Giannakouris)

    Ferries are docked at the port of Piraeus, near Athens, during the first day of a 48-hour strike by the Panhellenic Seamen's Union (PNO) to protest new austerity measures that government plans, on Thursday, Sept. 22, 2016. Bailout-dependent Greece has agreed to carry out new austerity measures and reforms to secure vital rescue loans from its European creditors. (AP Photo/Petros Giannakouris)  (The Associated Press)

The International Monetary Fund is painting a bleak outlook for bailout-dependent Greece, where it expects unemployment to stay in the double digits for more than three decades.

An IMF annual report Friday also calls for further debt relief from the country's European creditors going "well beyond" extant proposals if the country's debt mountain is to become sustainable.

Greece's economy is under constant scrutiny from its bailout creditors, the IMF and European governments and institutions.

The left-led government is in negotiations with bailout inspectors on the course of mandated reforms, whose completion would allow release of a 2.8 billion euro ($3.14 billion) rescue loan installment.

The country has depended on bailouts since 2010, in return implementing successive spending cuts and reforms that improved fiscal stewardship but left Greek society in tatters.