The IMF said on Thursday that Greece would need to extend the aid package from the European Union and the likely reduction of debt, especially if economic growth is weaker than expected, and the reforms are not implemented.
Meanwhile, the International Monetary Fund also revised down economic growth forecasts Greece in 2015 – from 2.5 percent. to 0 percent.
According to experts of the IMF Greece’s debt reduction is needed, and – from October until 2018 – 50 billion under the new aid program.
The Fund evaluates that even if the Greeks will return to the reformist politics, and the economy is pushed to the path of growth, “it will be necessary to significantly extend the rescue package.”
For the present, the dramatic economic situation primarily blames the government of Prime Minister Alexis Ciprasa. Also throws in all the Greek leaders that many important reforms, especially privatization, have been made only partially or too slowly.
In 2011, the Fund predicted that Athens can get 50 billion euros, if the end of 2015. privatize some portion of state property; However, with privatization so far achieved only 3.2 billion.
In addition, last year the IMF has estimated that public debt Athens drops from 175 percent. Of GDP in 2013 to 128 per cent. in 2020; Meanwhile, according to the new debt is expected to decrease during this period only up to 150 percent. GDP.
Thursday IMF forecasts come from a report prepared by the Fund on the repayment of foreign debt of Greece – gives Reuters.
On Wednesday, the IMF said that Greece’s debt postponement to the Fund, it would be beneficial for “country in crisis”. Athens is not repaid until midnight from Tuesday to Wednesday a $ 1.6 billion IMF loan installment due.
Greece thus became the first industrialized country which is in arrears with payments to the Fund. (PAP)
Fit / penalties /
No comments:
Post a Comment