Greece submits request to ESM for early repayment of the IMF

23 April 2019
733 Views

Greece has submitted a formal request to the European Stability Mechanism for the early repayment of IMF loans, according to a finance ministry source, paving the way for Greece to repay part of the IMF loans, amounting to EUR 3.7 billion out of a total of EUR 9.5 billion.

This is a precursor of a prolonged period of positive messages about the Greek economy, which will allow the country’s new foray to the capital markets to take place under more favorable conditions and even for the government to introduce more tax relief measures. In this context, the Japanese R&I rating agency upgraded the country’s creditworthiness to B+. The upgrading came on the eve of Eurostat’s release of the primary surplus for 2018, with the information speaking of at least 3.9% of GDP (possibly even 4% of GDP).

You may be interested

Two Greek islands in best-hidden of the Mediterranean: Telegraph
GREECE
shares33 views
GREECE
shares33 views

Two Greek islands in best-hidden of the Mediterranean: Telegraph

Panos - Jun 18, 2021

British media outlet Telegraph included the Greek islands of Karpathos and Alonissos in its top 20 holiday destinations in the…

Coronavirus Greece: 519 new cases, 321 intubated, 16 deaths
GREECE
shares36 views
GREECE
shares36 views

Coronavirus Greece: 519 new cases, 321 intubated, 16 deaths

Panos - Jun 18, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 519, of which 2…

Greece: Caroline was murdered by her husband!
GREECE
shares22 views
GREECE
shares22 views

Greece: Caroline was murdered by her husband!

Panos - Jun 18, 2021

Charalambos Anagnostopoulos, the husband of 20-year-old Caroline Krauts, is according to the information available to the police her killer. The…

Leave a Comment

Your email address will not be published.