Thursday, June 4, 2015

Greece does not repay the debt to the IMF – Interia

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Greece fails to repay debt to the IMF / © 123RF / Picsel

Greece does not repay the debt to the IMF without prospects for agreement . “If a Friday or Monday, I do not know when exactly, does not appear prospect of agreement, we will not pay” – said on the air station Mega TV.

  • Gro attention will be focused around the press conference while Mario Draghi’ego. Benoit Coeur announced recently that the ECB plans to increase the scale bond buying of euro zone countries in May and June due to seasonal factors. more »

By the end of the month the IMF should obtain from Greece a total of approx. 1.55 billion in four installments payable up to 5, 12, 16 and 19 June. The next installment amounts to 300 million euros.

Greek Prime Minister Alexis Cipras on Wednesday, goes to Brussels at the invitation of European Commission President Jean-Claude Juncker – said on Tuesday late evening the government in Athens.

Cipras is in the evening to talk with the head of the European Commission for the proposed reforms by Athens list, from which Greek creditors (IMF, EU and European Central Bank) subject unblock financial aid for the indebted country.

On Tuesday Cipras said that his government sent the creditors comprehensive, realistic reform plan, without giving details. According lenders to reach agreement still needs a lot of work – he writes Reuters.

The British daily “Financial Times” reported on Wednesday, citing anonymous politicians that Athens’ creditors agreed on a plan reforms the Greek economy, which will be presented to the authorities Greece on Wednesday. Lenders are hoping that the plan will be adopted by the end of the week, which uruchomiłoby another installment of financial assistance (7.2 billion euros).

  • Greek Prime Minister calls on European leaders to adopt reform plan, presented last night. Greece not only has until June 5 to pay back another tranche of its debt to the IMF in the amount of approximately 300 million euros; by the end of the month of the IMF should receive about 1.55 billion euros. more »

The reconciliation program after several months of internal disputes a turning point in extending the negotiations for months. during which tensions grew between the IMF and the European Commission as to how Greece should reform the economy and balance your finances – wrote “FT”.

Source of information:  PAP

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