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Tag Archives: IMF

The IMF insists on debt relief measures for Greece

The IMF Board will need to meet again to reach the final decision to activate the programme in Greece, clarified Gerry Rice, the Press Representative of the Fund, while speaking to reporters on Thursday. He reiterated that the decision is based on two parts: reforming progress and debt alleviation that will …

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EU Commission proposes creation of European Monetary Fund by 2019

The European Commission unveiled its vision of a rebooted eurozone, including the creation of a European version of the IMF. The European Monetary Fund should be created by 2019. The European Commission unveiled its vision of a rebooted eurozone on Wednesday, including the creation of a European version of the …

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IMF will not activate its program for Greece if no debt relief agreement, says Fund’s spokesman

“The International Monetary Fund will not activate its program if there is no agreement on debt relief for Greece, ” Fund’s spokesman Gerry Rice said during a regular briefing on Thursday. Rice clarified that the € 1.6 billion program approved by the Fund for Greece will not come into force …

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IMF’s projections on Greece’s economy, Fund presses for banks withdrawal from the Balkans

Greek economy is expected to grow by 1.8 pct this year, 2.6 pct in 2018 and 1.9 pct in 2019, the International Monetary Fund (IMF) said on Monday. In its report on European economy, the IMF said it expected a 10.8 pct increase in net investments this year, rising to …

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Greek police arrest man suspected to have sent parcel-bombs to Papademos, Schaeuble & IMF

Greek police arrested a 29-year-old man suspected to have sent parcel bombs to former prime minister Lucas Papademos but also to ex German finance minister Wolfgang Schaeuble and the International Monetary Fund. The man was arrested as he was leaving his basement apartment in Attikis square district of Athens at …

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“Debt relief essential for Greece to return to growth” says Lagarde at meeting with Tsipras

Prime Minister Alexis Tsipras visited the International Monetary Fund and had a meeting with Managing Director Christine Lagarde in Washington DC. After the meeting, the Fund said Tsipras and Lagarde “are committed to working for Greece to return to growth and exit official financing next year.”  Tsipras said he is …

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Greece can also without the IMF, says FinMin Tsakalotos

Greece can proceed with the implementation of the bailout program with or without the participation of the International Monetary Fund (IMF), says Greek Finance Minister Euclid Tsakalotos. According to Greek media reports, Tsakalotos told a panel on Thursday night at the Elliott School of International Affairs at George Washington University, …

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IMF trolls Greece claiming ‘it does not ask for extra austerity measures’

The International Monetary Fund insists on additional austerity measures and reiterates that the primary surplus of  3.5 percent of GDP cannot be achieved. In its Greek report published on Thursday, the IMF projects a primary surplus of 2.2% of GDP in 2018. IF the IMF’s forecast is not revised, Greece …

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IMF growth projection for 2018 at 2.6% of Greece’s GDP

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8 pct …

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IMF and ECB reach compromise on Greek banks, traders in ASE smile

The International Monetary Fund and the European Central Bank reached a compromise on the Greek banks: the ECB will accelerate stress tests, the IMF will give up its demand for full asset quality review (AQR). The International Monetary Fund said on Thursday that it sees no financial stability concerns in …

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OECD report: Greece only country that increased taxes, VAT and social contributions in 2016

Greece is defying the prevalent trend among the world’s industrialized nations for reducing tax rates in order to boost investment and competitiveness, a report published by the Organization for Economic Cooperation and Development (OECD) has shown. In contrast Greece has increased labor and corporate taxes, Value Added Tax as well …

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Macron does not rule out new aid for Greece in August 2018

Europe has to say no to additional measures that hamper growth in Greece, French President Emmanuel Macron said in a televised interview given jointly to the public broadcaster ERT and the private channel ANT1. He sent the message that “we must move away from Europe of austerity and assume our …

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IMF approves ‘in principle’ €1.6bn loan for Greece , will not give a cent until debt sustainable

The International Monetary Fund (IMF) Executive Board has given “in principle” approval to a new programme for Greece but made this conditional on both assurances from Greece’s European lenders and that reforms remain on track and the debt is sustainable. ‘In principle’ the IMF decision is positive for Greece, in …

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IMF approves in principle participation in Greek program without financing

The International Monetary Fund approves in principle participation in Greek program without financing, the Fund’s spokesman Gerry Rice said on Thursday. According to the Greek correspondents in Washington, “the IMF present approval of Greek program without financing until debt easing has been granted as a way of putting pressure on …

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