Tag Archives: participation

Greece’s Public Power Corporation is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. At the same, time, it looks as if the state participation will decrease by 17%. Final approval to the plan …

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Government spokesman Stelios Petsas said on Tuesday that Greece has requested to attend the Berlin Peace Conference on Libya scheduled to take place on upcoming Sunday, January 19, 2020. The Conference is to take place upon an initiative of Chancellor Angela Merkel in an effort to discuss options to broker …

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Members of the revered Hellenic Presidential Guard, also called evzones, will stop by Camden Bicentennial Equestrian park on Saturday, April 28th2018, to take part in an historic wreath-laying ceremony at the war memorial. The visit was arranged by the Macarthur Greeks association and is a first for the area, presidential guard rarely visits …

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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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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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“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, …

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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 …

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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 …

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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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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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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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The International Monetary Fund fully adopted the line of German Finance Minister Wolfgang Schaeuble. Managing Director Christine Lagarde said that debt restructuring for Greece was needed but the IMF will not insist on upfront debt relief measures. Modalities must be decided upfront, Lagarde said adding that the IMF is  still …

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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 …

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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 …

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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” …

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Solid as a rock in a Wagner opera. German Finance Minister Wolfgang Schaeuble brings the negotiations on the Greek debt to another level of the blatant blackmail. The current Greek aid program will end if the International Monetary Fund remains out of the program. According to the spokesman of the …

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Increased risk of early elections in Greece. Who says that? The Bank of America Merrill Lynch,  the corporate and investment banking division of Bank of America. According to a report compiled by the company’s analysts, the increased risk of early elections is due to a weak majority coalition government and …

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The deadline on Greek bond swap deal ended on Thursday at 10 pm local time. Several Greek officials speaking to international media under condition of anonymity expressed optimism and ‘saw’ a participation of 80% . State broadcaster NET TV reported with reservation at 11:30 pm, that the particpication is 85% …

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Expectations on a successful Greek bond swap (PSI) are high, just a few hours before the official offer of the Greek state expires on Thursday night (2000GMT/ 8 pm local time). The Greek government seems optimistic. “It is going well, we are optimistic,” a Greek official told Reuters on conditions …

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In an extremely difficult economic period for Greece, the country’s participation to operations against Libya cost just 6,5 million euros per month. “Therefore should the operations last three months the costs will amount 20 million euro” National Defence Minister Evaggelos Venizelos told the External Affairs & Defence committee of the Greek parliament. …

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