IMF and Eurozone finance threaten to walk out on Greece over debt relief
Things are not looking up for Greece as both the IMF and eurozone finance heads warn the country could be left cash-strapped once again.
The two sides have not yet reached a debt relief agreement; this would be the third package for Greece since 2010.
“There are still significant gaps on the issue of debt relief,” an official told Reuters. “The [deputies group] was never likely to close this gap. It will have to happen at a higher level.”
Meanwhile, Germany insists the European Commission’s approach to Athens is rather lenient, asking the IMF to apply pressure on Greece and demanding a strict upfront commitment.
“The IMF wants maximum [debt relief] commitment upfront, while others would prefer to be more precise only in 2018.”
The Greek government states that it has met its obligations, having made necessary cuts, according to neoskosmos.
At the same time there might be a symbolic bond issue for Greece in July, signalling an “exit course from the crisis and the bailout” however, the European Central Bank is not yet convinced.
You may be interested
BBC: The last speakers of Ancient SpartaPanos - Jun 22, 2021
As you enter the mountainous village of Pera Melana in Greece’s southern Peloponnese peninsula, you’re likely to hear the roar of…
Mitsotakis: We expect the extension of our EEZ demarcation agreement with Egypt soonPanos - Jun 22, 2021
The Greek Prime Minister, Kyriakos Mitsotakis, is in Cairo, for his official visit to Egypt. Kyriakos Mitsotakis was received at…
FM Dendias in Luxembourg: PM Mitsotakis to visit Baghdad soonPanos - Jun 22, 2021
Greek Prime Minister Kyriakos Mitsotakis is expected to visit Baghdad shortly, Foreign Minister Nikos Dendias said at doorstop comments prior…