IMF divided over Greece on the eve of the rescue's expiration



[ad_1]

Frankfurt .- The senior management of the International Monetary Fund (IMF) was split Tuesday when it was to assess in a report the viability of the Greek debt when the third and last program is about to expire The IMF's board of directors welcomes on the one hand the latest aid from the euro area to the country, but on the other hand calls for more reforms in Athens for support economic growth and the guarantee of international aid that will depend only on itself. the viability of your debt. The fact that a debt is viable means that the burden is not so high that it could jeopardize the country's ability to cope with its payments, reported the DPA

" Council welcomes debt relief of European partners "

A number of administrators are confident that the measures will significantly reduce the country's financing needs in the future but others doubt the viability of the system.Long-term debt, says the text, however welcomes the willingness of European partners to continue to reduce the debt if necessary.

Countries eurozone countries recently granted new loans and debt relief to Greece, at the same time as they granted a ten-year moratorium on the payment of yields and interest from older loans.

what was planned, the IMF did not participate with his own credits the third and last rescue program for Greece. To do this, he demanded that euro-zone countries abandon some of their demands to bring the Greek debt back to a more sustainable level.

Greece has been dependent since 2010 on international credit support, partly from the IMF. In August, the third and final program of assistance expires, after which the country will have to return to seek funding on its own.

Greek debt rises to about 317,000 million euros and accounts for nearly 179% of the 2017 gross domestic product (GDP), by far the highest in the euro area.

[ad_2]
Source link