IMF ready to re-enter Greek bailout programme: Brussels sources

21 March 2018
755 Views

Sources in Brussels claimed the IMF was ready to come onboard the Greek bailout programme a new, adding, however, that it was not a done deal.

The same sources said that the IMF would consider re-entering the programme under the condition that cuts in tax-free threshold, as well as slashes in pensions, would take effect from January 1, 2019, without the implementation of countermeasures.

The Brussels officials from the European Commission added that successfully overcoming the legacy of the Greek crisis would require many years while stressing that the non-performing loans, high unemployment and the public debt were the most pressing matters in the embattled. The EC sources stressed the significance of divestment in the Public Power Corporation (DEI), praising the ongoing sale of the lignite units.

The officials were critical of the Greek state administration commenting on the procedures used to hire general secretaries in the ministries. “There are two ways to do it. You either do it properly, or do it by the book and take on the Minister’s buddies”.

They were optimistic on the course of Greece regarding the fact that the country was on course to exiting the programme, while pointing out the country remained low on the competitiveness level.

You may be interested

EU Leaders fail to agree on new seven-year budget
SLIDE
shares48 views
SLIDE
shares48 views

EU Leaders fail to agree on new seven-year budget

makis - Feb 21, 2020

According to the EU Council President Charles Michel, more time is needed to agree on the budget. A summit of…

SYRIZA historian: Greece should import 1 million immigrants!
POLITICS
shares63 views
POLITICS
shares63 views

SYRIZA historian: Greece should import 1 million immigrants!

makis - Feb 20, 2020

Historian Antonis Liakos, a member of the leftist major opposition party SYRIZA, expressed the view that Greece should import 1…

This is why the Dutch prefer Greece as a holiday destination for 2020
GREECE
shares69 views
GREECE
shares69 views

This is why the Dutch prefer Greece as a holiday destination for 2020

Panos - Feb 20, 2020

The reasons Greece is one of the most preferred destinations for Dutch tourists were outlined in a survey carried out…

Leave a Comment

Your email address will not be published.