Thursday, April 9, 2015

Greece pays US $ 485 million IMF loan – Management Journal

With the payment, the Greek government eases for now the fear of an eventual technical bankruptcy. The total debt by US $ 255.456 million.

The Greek government will not sign a deal just to get the last part of the rescue plan.

Greece today paid the fee of US $ 485 million loan with the International Monetary Fund ( IMF ), easing for now the fear of an eventual technical bankruptcy at a time Athens faces a liquidity crisis.

The debt with the IMF is derived from international bailout of Greece, under which Athens received $ 255.456 million in loans from other eurozone countries and the IMF to avoid bankruptcy.

The growing financial problems of Athens had renewed fears that the country to refrain from making payment to the IMF and even having to leave the eurozone.

The new leftist government of the country is locked in tense negotiations with creditors after his victory in the general elections in January, promises to end the widely rejected austerity measures on which the redemption is based.

The creditors insist on reforms, however, and want a deal with them before they thaw the following Greek bailout loans that have been on hold since August. Pending a final installment of the bailout, worth US $ 7.664 million.

At a conference in Paris, Minister of Finance, Yanis Varoufakis, said today that Greece is committed to a plan tax that makes sense, but the government will not sign a deal just to get the last part of the rescue plan.

“The only way I know with which you can impress the other party to the negotiation process that you are serious and want to change the conversation, is saying: Friends, we will not sign anything on the dotted line until you give us, just to get the next tranche of the loan, “Varoufakis said.

“At the same time (…) We must have a fiscal plan that makes sense. At the moment, Greece is committed, “he added.

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