ΙMF: Greece will not be able to pay its debts in March

27 February 2016
1720 Views

The International Monetary Fund estimates that Greece will face great difficulties in servicing its debts in March, according to an article published by German magazine Der Spiegel entitled “Bankruptcy in March?”.

As the article mentions, the Fund is particularly concerned about the fact that many member states of the European Union are willing to make more concessions regarding the austerity conditions of the third Greek programme due to the huge refugee and immigrant flow that the country has to deal with.

“The IMF insists on the promises of the Greeks regarding the reforms and puts obstacles on the pending program review, which would give the green light to the participation of the Fund in the third bailout program” the article says, adding that IMF points out that the Greeks have promised permanent surpluses of 3.5% of GDP each year and since the government has failed to tax rich people, it must cut the pensions.

You may be interested

All retail stores to open on Monday in Greece
GREECE
shares43 views
GREECE
shares43 views

All retail stores to open on Monday in Greece

makis - Jan 15, 2021

The Expert infectious disease team has proposed opening retail stores nationwide from Monday via the ‘click in shop’ method, while…

Hellenic Air Force: How low can you go?
DEFENCE
shares55 views
DEFENCE
shares55 views

Hellenic Air Force: How low can you go?

Panos - Jan 15, 2021

In the last few days a video from an Helenic Air Force Base has gone viral. It demonstrates the level…

How Fast Is 5G? (infographic)
GREECE
shares55 views
GREECE
shares55 views

How Fast Is 5G? (infographic)

Panos - Jan 15, 2021

As Apple is getting ready to ship the new iPhone 12 this week, much has been written about the new iPhones’ standout feature: 5G.…

Leave a Comment

Your email address will not be published.