Sapin and Lew underline urgency for concluding Greek bailout review

14 April 2016
570 Views

The French Minister of Finance Michel Sapin and the US Secretary of the Treasury Jack Lew argued in Washington that ‘a lot of work’ is needed in Greece, on shortly before the arrival of their Greek counterpart Euclid Tsakalotos for the IMF’s Spring Meetings.

Both underlined the need to conclude the bailout program review as soon as possible, with the American official commenting that there is ‘a long way to go’ to until the bailout program review concludes.

Meanwhile, the chief of the European Stability Mechanism (ESM) Klaus Regling noted that the IMF’s involvement in the Greek program will be minor, estimating that it may amount to 10% of the program.

The ESM chief, who was participating in a Brookings Institute event, further elaborated that while the involvement is symbolic, it is nevertheless important.

You may be interested

Greek Shipping Minister admitted to ICU
GREECE
shares9 views
GREECE
shares9 views

Greek Shipping Minister admitted to ICU

Panos - Dec 03, 2020

The Minister of Shipping and Island Policy, Giannis Plakiotakis, was admitted for precautionary reasons to the Intensive Care Unit of…

The UK approves Covid Pfizer vaccine for use next week
GREECE
shares36 views
GREECE
shares36 views

The UK approves Covid Pfizer vaccine for use next week

Panos - Dec 03, 2020

The UK has become the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine for widespread use. British…

PM Mitsotakis: The resilience of Greek exports a small feat
GREECE
shares11 views
GREECE
shares11 views

PM Mitsotakis: The resilience of Greek exports a small feat

Panos - Dec 03, 2020

The foreign trade sector is proving resilient and supporting the Greek economy, Prime Minister Kyriakos Mitsotakis said on Wednesday in…

Leave a Comment

Your email address will not be published.