IMF official again says time running out for Fund’s participation in Greek program

18 May 2018
291 Views

The IMF on Thursday again warned that time was running out for creditors to agree on debt relief measures, which would allow the fund to continue in the Greek program as an institutional lender.

IMF spokesman Gerry Rice was the latest Fund official to cite very tight deadlines, during a regular press briefing in Washington D.C.

He noted that while differences have been narrowed, there are still open issues that need resolution. Rice added that while Greece has achieved significant progress in terms of reforms, the debt issue remained unsolved.

The IMF, as well as the Greek side, wants debt relief measures in order to ensure that the country’s debt load remains sustainable in the long term. Conversely, several Eurozone member-states, including Germany, are weary of announcing such measures in the present phase.

You may be interested

“Wish Tree” on Greek island becomes Tourist attraction
GREECE
shares334 views
GREECE
shares334 views

“Wish Tree” on Greek island becomes Tourist attraction

Panos - Jan 22, 2019

The “wish tree” on the picturesque Antipaxos island in the Ionian Sea has become a tourist attraction, as every year…

Greek feta cheese’s “DNA” decoded
GREECE
shares9 views
GREECE
shares9 views

Greek feta cheese’s “DNA” decoded

Panos - Jan 22, 2019

If you like the famous Greek feta cheese, then this scientific piece of news may interest you. The researchers at…

1.6 million people split up due to Brexit!
GREECE
shares16 views
GREECE
shares16 views

1.6 million people split up due to Brexit!

Panos - Jan 22, 2019

New research claims that 1.6m people ended relationships or stopped seeing someone new due to disagreements over last year’s Brexit…

Leave a Comment

Your email address will not be published.