Friday, August 14, 2015

IMF assess its participation in Greek bailout based debt relief – Caracol Radio (Record)

Washington, Aug 13 (EFE) .- The International Monetary Fund (IMF) said today that “assess” their participation in the third bailout to Greece once decisions have been taken regarding the Greek debt relief, one of the main points of disagreement between creditors.

The head of the IMF mission in Greece, Delia Velculescu said in a statement that valued their participation “in the provision of any additional funding for Greece once have undertaken steps in the program authorities (European) and debt relief. “

” We hope to work with the authorities in developing their economic program in more detail and partners Greece Europeans make decisions on debt relief to allow it to be sustainable, “said Velculescu.

The Ministers of Economy and Finance of the eurozone tomorrow they clear some doubts about the third financial rescue Greece, which remains on the table the possibility of a new bridge loan to the country if it can not close the deal.

The European Commission (EC) today sent the Eurogroup (Ministers of Economy and Finance the euro area) the technical and legal documents for a third program of financial assistance to Greece, up to 86,000 million euros and with a duration of three years.

The program will be held under the background permanent rescue of the eurozone, the European Stability Mechanism (ESM), and both Greece and the institutions rely -a waiting for the vote tonight at the Greek Parliament in the Eurogroup give its approval.

But Germany has insisted in recent days that a three-year program for Greece has to have a solid basis and should not be decided in haste.

Berlin emphasizes that needs time to a complete analysis and sought clarification on the future role of the IMF, debt sustainability, the credibility of certain reforms and privatizations. EFE

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