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Tag Archives: debt relief

UPD ESM acknowledges, it is considering Debt Relief for Greece

The European Stability Mechanism has acknowledged that it is considering ways to grant debt relief to Greece, possibly by fixing the interest level at current low rates or by extending its maturities further. The ESM said in August 2015 that euro area finance ministers stood ready to consider, if necessary, …

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IMF: Greece’s debt is “highly unsustainable”, debt relief essential

The International Monetary Fund wants Greece’s European partners to grant Athens substantial relief on its debt which it sees remaining “highly unsustainable”, an IMF draft memorandum says. However, German Finance Minister Wolfgang Schaeuble insists that he sees no need for debt restructuring. According to IMF memorandum seen by Reuters: “Despite …

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