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Tag Archives: debt

Debt cut for Greece not on the agenda for now, says Schaeuble

Greece must press ahead with implementing its reforms-for-aid program and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was “currently” not on the agenda. Euro zone finance ministers and the International Monetary Fund reached an agreement on Greece in June, …

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Draghi signals Greek debt measure not enough for QE inclusion

European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase program, saying commitments offered by creditors earlier this month still don’t provide sufficient clarity on the country’s future debt path. The debt measures Greece adopted are “still …

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Eurogroup May 22 – Poll: Does Greece deserve Debt Relief?

Eurozone finance ministers meet today to discuss the progress made towards the second review of the Greek program and the sustainability of the Greek Debt. The government in Athens hopes for a comprehensive solution that will include measures for debt relief. Berlin vehemently rejects any relevant discussion before the current …

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Deal delay: Lagarde urges eurozone to back Greece debt relief, Schaeuble…

The International Monetary Fund and the eurozone may need more time to reach an agreement on a debt relief package for Greece, the Fund’s managing director Christine Lagarde said on Friday. She urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. “We …

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IMF warns no Greek deal without a ‘credible strategy on debt sustainability’

The International Monetary Fund’s discussions on Greece’s debt are ongoing and no deal has been reached, IMF spokesman William Murray said on Thursday. At the same time, Murray warned that there will be no Greek deal without a credible strategy on the Greek debt and that the Fund will not …

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IMF lowers Greece GDP growth projection to 2.2 percent

The International Monetary Fund has lowered its projections on Greek growth from last fall and warned against “unreasonable forecasts” and “unjustifiable frameworks” by the country’s European creditors. In its World Economic Outlook, published on Tuesday, the Fund argued that growth in Greece this year will come to 2.2 percent against …

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Lagarde: IMF participation only if Greece’s debt is sustainable

The International Monetary Fund participate in the Greek program only if the country’s debt is judged as sustainable, the Fund’s managing director Christine Lagarde said in an interview to representatives of leading European newspapers. Additionally, she said talks over the Greek debt must first be completed before the IMF decides …

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