Tuesday, December 30, 2014

The IMF put on hold its bailout – La Voz del Interior

The IMF put on hold its bailout – La Voz del Interior

The IMF announced the suspension of financial aid to Greece until there is a change of government in that country.

Shortly after the Greek Prime Minister Andonis Samaras , convene early elections, the IMF issued a statement that involves the suspension of the bailout program to talk to the new authorities arising from the elections, but ruled that’s going to hurt the country’s finances.

Talks on the sixth review of the reform program, which depends on the continued financial aid to Greece, “will resume once it has assumed a new government,” he said in a statement IMF spokesman Gerry Rice, who noted that Greece now “faces no immediate financing needs.”

Greece hold early elections on January 25 after failing Samaras government in its attempt to impose its candidate for the Presidency of the Republic in the third and decisive parliamentary vote.

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