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Tag Archives: IMF

Schaeuble blames Greek Gov’t for review delays due to Easter break

German Finance Minister Wolfgang Schaeuble blames the Greek government for the current delays in the review of the country’s bailout program. “The Greek government bore responsibility for current delays,” Schaeuble told reporters in Washington on the sidelines of the International Monetary Fund spring meetings. Greece is to blame that its …

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Greek PM Tsipras urges creditors to stop punishing Greece

In an op-ed to Wall Street Journal, Greek Prime Minister Alexis Tsipras urges creditors to “end punitive approaches of the past”. He stresses that the differences between the International Monetary Fund and the Europeans are harming the Greek economy. The recent economic crisis persuaded the international community that long-term economic …

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Dijsselbloem: Income tax measures €1.8bn in 2019 if Greece misses targets

In a letter to the members of the Eurogroup, chief Jeroen Dijsselbloem summarized what was agreed upon at the meeting in Malta on April 7th 2017. In his letter Dijsselbloem reveals also what the Greek government agreed on the implementation of the additional austerity measures scheduled to be implemented in …

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Greek gov’t says no additional measures for 2018, after IMF publishes Fiscal Monitor

With its forecast report the International Monetary Fund set the base for a new negotiation between the Fund and Greece’s  European lenders, that is Berlin. In its Fiscal Monitor 2017, the IMF forecasts for Greece a gap of 2.7 billion euros for 2018. The fund estimates that the primary surplus …

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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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US Treasury Secretary Mnuchin talks to FT about Greece and IMF’s participation

US Treasury Secretary Steven Mnuchin gave no indication that the Donald Trump administration has any intention of standing in the way of an agreement between Greece and its lenders. In comments to Financial Times on Tuesday, Mnuchin said he hopes the Greek situation would be resolved in the near future. …

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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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US sees ‘supportive role’ for IMF in Greece’s bailout program

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said on Thursday. The US, the largest shareholder in the IMF, will likely not rule out new funding for Greece by the Fund, despite the …

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Reasons why teleconference between Greece and creditors was cancelled

The teleconference between Greece and creditors scheduled for Wednesday evening has been cancelled. The conference was to take place between Greek government representatives – Finance, Deputy Finance and Labor Ministers – and representatives from the institutions. According to government sources, the teleconference was cancelled because one of the representatives of …

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Greece needs Debt Relief: How much and at what price?

“Europe’s Greece problem, which brought the euro area to the brink of a breakup in 2015, is back in the headlines,” says Jeromin Zettelmeyer, economist at the Peterson Institute for International Economics.  And so is also the issue whether Greece can succeed without more debt relief. “Greece needs indeed more …

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Greece’s Debt: Lagarde launches new round of argument with Schaeuble

Managing director of the International Monetary Fund, Christine Lagarde, said that she disagrees with German Finance Minister Wolfgang Schaeuble over Greece’s financial problems. “I am not aligning myself with Minister Schaeuble who says that Greece’s problem is not debt but productivity,” Lagarde said in an interview to conservative-leaning American Enterprise …

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