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Tag Archives: Greek program

IMF-WB meetings rule out extension of Greek program, says Moscovici

April 25, 2018 Economy Comments Off on IMF-WB meetings rule out extension of Greek program, says Moscovici

The IMF and World Bank Spring Meeting have put an end to speculation about a possible extension of Greece’s third financial assistance programme, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Tuesday in an interview with Agence Europe. The French Commissioner said he was in favor of …

Dijsselbloem admits “We used taxpayers’ money to save the banks”

November 10, 2017 Economy 2

“We had a banking crisis, a fiscal crisis and we spent lot of the tax-payers’ money – in the wrong way, in my opinion – to save the banks” outgoing Eurogroup head Jeroen Dijsselbloem said adding “so that the people criticizing us and saying that everything was being done for …

Third review: Greece’s creditors in Athens to discuss fiscal targets, privatizations, energy

October 23, 2017 Economy Comments Off on Third review: Greece’s creditors in Athens to discuss fiscal targets, privatizations, energy

Greece’s top creditors returned to Athens on Monday for meetings and talks with the Greek government. Aim is to proceed with the third review of the Greek program and conclude the procedures by the end of the year. The first meeting on fiscal matter took place with Alternate Finance Minister …

Greece to remain under supervision after bailout program ends, says Dijsselbloem

September 25, 2017 Economy Comments Off on Greece to remain under supervision after bailout program ends, says Dijsselbloem

“Greece will remain under supervision after it exits its current bailout programme next year,” Eurogroup head Jeroen Dijsselbloem told a Greek newspaper short before arriving in Athens on Monday. Prime minister Alexis Tsipras has been telling Greeks that ‘creditors’ supervision will be over once the bailout program concludes in August …

Greece’s Central Banker Stournaras says “we don’t need the IMF anymore”

September 4, 2017 Economy 1

Greece’s influential central banker, Yannis Stournaras, was quoted on Sunday as saying that if the International Monetary Fund wants to leave the Greek program, “it should leave.” Stournaras message fueled speculation ahead of negotiations aimed to conclude the third review of the ongoing bailout. “If it (IMF) wants to leave, …

Moscovici describes the Greek program as a “democratic scandal”

September 3, 2017 Economy Comments Off on Moscovici describes the Greek program as a “democratic scandal”

European Commissioner for Monetary and Financial Affairs Pierre Moscovici described the Greek program of fiscal adjustment as a ‘democratic scandal’. In an interview to Italian newspaper Corriere dela Sera, Pierre Moscovici replied to a journalist question: “Why do you say that the program for Greece is a “democratic scandal”? “It …

IMF’s Lagarde in Athens following invitation by the Greek President

August 22, 2017 Economy 1

Managing Director of the International Monetary Fund, Christine Lagarde, is packing her luggage. For a visit to Greece. She has an open invitation by the President of the Greek Republic, Prokopis Pavlopoulos, who expressed it verbally. However, according to protocol, it is the finance ministry that formally sent the invitation …

IMF official: “If we had a Greek Macron, we would jump right now” in program

May 26, 2017 Economy 4

“If we had a Greek Macron, we would jump right now,” in the Greek program, an official of International Monetary Fund told US network CNBC. The IMF official referred to the new French president Emmanuel Macron whose focus is the thorough reform of French economy. Speaking on conditions of anonymity, …

Schaeuble considers new austerity measures at end of Greek program in 2018

May 22, 2017 Economy 1

Greece struggles to reach a deal at the Eurogroup meeting on Monday, May 22 2017. German Finance Minister Wolfgang Schaeuble said he hoped for a political agreement on Monday’s Eurogroup. However, the deal the German minister hopes to happen is not just the deal Greece and the International Monetary Fund …

Lagarde tells Tsipras: If no debt relief measures, IMF leaves the Greek program

May 14, 2017 Economy 1

Greek Prime Minister Alexis Tsipras and managing director of International Monetary Fund Christine Lagarde agreed on the need for debt relief measures. Furthermore, Lagarde sent a clear message to Berlin. the Fund will not participate in the Greek program without debt relief measures. During their meeting on the sidelines of …

Schaeuble warns without IMF participation Greece’s program would need to radically change

May 7, 2017 Economy Comments Off on Schaeuble warns without IMF participation Greece’s program would need to radically change

German finance minister Wolfgang Schaeuble warned that without the participation of the International Monetary Fund the current Greek fiscal adjustment program signed in August 2015 will have to radically change. The IMF insists on fiscal figures and targets the German-led Eurozone refuses to accept. Speaking to Passauer Neue Presse, Schaeuble …

IMF dismisses news it plans to join Greek Program with $3bn to $6bn

March 11, 2017 Economy Comments Off on IMF dismisses news it plans to join Greek Program with $3bn to $6bn

Spokesman of the International Monetary Fund, Gerry Rice, dismissed media reports according to which the IMF will join the Greek program with a small loan somewhere between three and six billion dollars. Rice insisted that there has been no discussion at the IMF board about any amount. Gerry Rice‏ @IMFSpokesperson As …

IMF to participate in Greece’s program with up to $6bn to boost Merkel

March 10, 2017 Economy 4

The International Monetary Fund is reportedly moving toward rejoining Greece’s bailout, according to people familiar with the discussions, suggesting it will meet a condition set by Germany and other euro-area nations for continued aid. The IMF will join the Greek program with a bailout loan between $3billion and maximum $6blillion …

Tsipras asked for the IMF’s participation, sees deal in April

March 10, 2017 Economy 1

Prime Minister Alexis Tsipras confirmed on Friday that he had asked managing director Christine Lagarde for the participation of the International Monetary Fund in the Greek program. Greece’s request was reveled by Lagarde a day earlier. The previous approach of the Greek government “We can do also without the IMF” …

Der Spiegel: IMF will participate with €5bn in Greece’s program

February 17, 2017 Economy Comments Off on Der Spiegel: IMF will participate with €5bn in Greece’s program

The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. It said European lenders were now expecting a sum of this size after originally having hoped for 16 …

Dijsselbloem trolls Greece: Without the IMF, no Dutch aid for Greek program

February 8, 2017 Economy 1

Dutch Finance Minister Jeroen Dijsselbloem said that “The Netherlands will stop aid to Greece, if the International Monetary Funds stays out of the Greek program.” Dijsselbloem said this at the Dutch parliament and adding that the same is valid for the Greek Parliament.” “IMF involvement is necessary,” Jeroen Dijsselbloem told …

IMF: Participation in Greek Program only with program extension or new MoU

October 13, 2016 Economy 1

The increased pressure of Berlin and other Central European governments for the return of the IMF in the Greek program is directly related to the expansion of bailout terms but also a new bailout program. According to financial news website Capital.gr, on the sidelines of the IMF general assembly last …

Reuters: IMF will stay out of Greek program, but will accept advisory status

October 9, 2016 Economy 5

The International Monetary Fund will not join the Greek bailout program but will likely accept a special advisory status with limited powers that keeps it at the table, two senior sources with direct knowledge of the proposals told Reuters in exclusive talks. “It will be more than an advisor but …

Independent report: The Seven Errors of IMF in Greek Program

July 18, 2016 Economy 3

An auditors’ body consisting of independent economists investigated the first Greek Program. In their report the economists sharply criticize the International Monetary Fund and record seven mistakes the IMF did in the Greek program. According to daily Kathimerini that exclusively published the report, the group of independent economists and specialists …

ECB official Coeure: Greek aid program set for change (Trio & Da Da Da)

March 23, 2015 Economy Comments Off on ECB official Coeure: Greek aid program set for change (Trio & Da Da Da)

Aha! Aha! What’s wrong with you , my darling? Do you change the Greek bailout program? Da Da Da… Greece’s financial aid programme is set to be changed to accommodate its new government, a senior European Central Bank official said on Monday, noting that the bank stood ready to support …

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