Schäuble: “The IMF will disburse a tranche to Greece within the year”

12 October 2016
798 Views

The International Monetary Fund will not only participate in the Greek bailout program, but it will also proceed with the disbursement of a bailout tranche by the end of the year, argued Germany’s Finance Minister Wolfgang Schäuble.

This statement came after an Ecofin meeting on Tuesday, with the German Minister upping the ante in the clash between Europe and the IMF on the Greek debt. Earlier, Schäuble commented that there is a timetable for the IMF to decide upon its participation in the Greek bailout, to which the Fund responded that it does not accept deadlines.

According to a report by German newspaper FAZ, Schäuble is aware of the Greek debt not being sustainable, however he will not discuss the matter before the upcoming federal elections in 2017.

You may be interested

Roland Garros: Tsitsipas advanced to the final!
GREECE
shares42 views
GREECE
shares42 views

Roland Garros: Tsitsipas advanced to the final!

makis - Jun 11, 2021

On February 19, Stefanos Tsitsipas, having lost almost his hands to Daniel Medvedev in the semifinals of the Australian Open,…

“Memphis Belle”: The legendary B-17 & the Greek twist of the story (photos)
GREECE
shares48 views
GREECE
shares48 views

“Memphis Belle”: The legendary B-17 & the Greek twist of the story (photos)

Panos - Jun 11, 2021

The reason for “Memphis Belle” being a legend? Belle was one of the first heavy bomber aircraft to complete 25…

Corinthian raisins: The Greek “superfood”
FINANCE
shares35 views
FINANCE
shares35 views

Corinthian raisins: The Greek “superfood”

Panos - Jun 11, 2021

It is considered one of the ‘superfoods’ produced in the Greek land, as it provides a multitude of nutrients. Corinthian…

Leave a Comment

Your email address will not be published.