Friday, June 5, 2015

Greek trick on loan repayments. IMF: It is consistent with the principles of … – Dziennik.pl

The Greek government has decided that debt to the International Monetary Fund not repay in installments, but as a whole – by the end of June. Today officially marks the deadline for repayment of the balance of 300 million euros. Athens, however, want to combine it with the other installments and settle all payments at the end of the month. Greece’s decision to merge the June repayment to the IMF, is consistent with the principles of the Fund and such a form in the past was already in use – said European Commission spokesman Margaritis Schinas. He added that the not undermine the capacity of each country to meet its financial obligations “.

Today – contrary to earlier speculation – there will be no re-appointment and head of the European Commission, the Prime Minister of Greece and the head of the Eurogroup . Brussels provides, however, that is still working on an agreement on the next loan to Athens and “progress is still possible.” In late June, the current program expires bailout for Greece, but to extend it, the Greek government must commit to reforms. For now, a compromise could not be reached.

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