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IMF says the Fund does not require new austerity measures for Greece

The International Monetary Fund does not see any risk of deviating from the budgetary targets set in the Greek program and therefore does not require additional measures. This assurance was made by William Murray, the IMF’s Deputy Spokesperson, as part of a regular briefing in Washington.

Murray reiterated that significant progress was made during the talks between the heads of  Institutions and the Greek government. He revealed that the lenders’ top officials were to return to Athens for the completion of the evaluation by the end of November.

He stressed once again that the IMF remains fully committed to the Greek program, but in order to proceed with its financing, a significant debt relief is required. He said, the IMF is not involved in this strand, as debates on debt relief are being conducted between European creditors and the Greek government.

PS Of course, the IMF doe snot require additional austerity measures, it already secured that a series of new austerity measures will be implemented after 2019. It was the Fund’s blackmail to conclude the second review of the Greek program last spring.

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2 comments

  1. Excellent PS, ktg! A point as the french say.

  2. 🙂