Monday, January 26, 2015

IMF wants reforms and no payment deadlines Greek debt – El Colombiano

IMF wants reforms and no payment deadlines Greek debt – El Colombiano

After the leader of the leftist Syriza, Alexis Tsipras, sworn in yesterday as Greek prime minister and who had announced the reduction of 18-10 ministries Government also requested the IMF . International (IMF) debt renegotiation

But the head of the agency, Christine Lagarde, said he must respect the commitments previously made to rescue the economic collapse: “We can not make such special categories for each country, “he said in an interview with French newspaper Le Monde.

He added that Greece still needs to implement key reforms such as raising more taxes and reduce pending court cases, as part of the requirements of the” troika ” made by the IMF, the European Central Bank and the European Commission.

This group has supplied Greece 240,000 million (270,000 million) within two billionaires financial rescue packages to Athens. However, Lagarde said in a statement that Greece will continue to support and wait discussions with the new government.

But the mere choice of SYRIZA, the pair produced dle euro fell in Asian stocks at levels September 2003, while. In contrast, on the New York Stock Exchange, the euro rose 0.62 percent to $ 1.1275.

The Hellenic country began crisis in 2012 with a fiscal deficit of almost 16 percent of GDP, representing an unprecedented fall in peacetime without a banking crisis. It is estimated that in 2015 the total debt of this country of 11 million people amounted to 321,000 million euros (889.1 billion pesos) which represents 176 percent of GDP.

Of this amount , 216,000 million are loans granted by the European partners. “A country can not solve a problem of this magnitude overnight, without giving anything in return. It may be that the European Central Bank has been favorable to renegotiate the debt, but that’s not the problem, the fund aims to temporary reforms to be implemented, “said Humberto Montero , editor Economics daily Reason of Spain.

Even reiterated that the market took for granted the permanence of Greece in euro and therefore no drastic alterations yesterday.

Andrés Montenegro international analyst Serfinco explained that changes in the new Greek government will not be in the short term, in fact “markets started down but ended up), as happened with the euro, which closed positive.”

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