LONDON (Alliance News) - The board of the International Monetary Fund has been told that Greece's high debt levels and poor record of implementing reforms disqualify the country from receiving a third bailout from the international lender, raising new questions about whether it will join the latest financial rescue for Greece being put together by European authorities, the Financial Times reports.

The FT said members of the IMF board were told during a meeting on Wednesday, and the determination means that while the IMF will participate in the bailout negotiations currently ongoing in Athens, it will not decide whether to agree to a new programme for months and potentially into next year.

That delay could have significant repercussions, particularly in Germany, where officials have long claimed it would be impossible to secure approval from the Bundestag for the new EUR86 billion bailout package without the IMF being on board.

https://next.ft.com/4c7b7f2c-36b5-11e5-bdbb-35e55cbae175

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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