Tag Archives: repayment

Greece completed its repayment of its International Monetary Fund (IMF) debt on Monday, Greek Finance Minister Christos Staikouras announced. The dept of 7.9 billion euros in total was repaid two years earlier. the repayment started in December 2019 and the last installment of 1.86 billion was paid on Monday, state …

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The European Stability Mechanism (ESM) gave the “green light” for the second early repayment of a Greek loan to the International Monetary Fund, worth around 3.3 billion euros. In an announcement, ESM said that the Boards of Directors of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) …

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Greece concluded the early repayment of expensive loans from the International Monetary Fund, the country’s finance ministry said on Monday. The move allows Athens to reduce its debt-servicing costs, because IMF loans carry higher interest than Greece would now pay in the market. “The part of the loans that was …

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Head of the European Stability Mechanism (ESM), Claus Regling, has paved the way for reduction of the primary surplus and welcomed Greece’s intention to repay the IMF loan earlier than planned. Following the Eurogroup meeting on Friday, Regling said that if the growth rates of the Greek economy were higher …

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The Greek Finance Ministry sent to European Stability Mechanism (ESM) the government’s proposal for the early repayment of part of the loan Greece took from the International Monetary Fund (IMF). The official request were sent on Monday evening, financial ministry sources told state news agency amna. Greece wants to repay …

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Repaying earlier expensive International Monetary Fund loans is a significant step for Greece which will create favorable conditions for its economy, Prime Minister Alexis Tsipras on Monday, promising more relief measures. “We are gaining points of (economic) freedom,” Tsipras said during an interview with Greece’s private ANT1 TV. During the …

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Greece’s main opposition party, conservative New Democracy, is one step before going bankrupt after one of Greece’s systemic banks claimed its loans. According to newspaper Agora, Piraeus Bank asked the full amount of loans to ND. The total amount is 160million euros, incl. loan €131million plus arrears and surcharges. The …

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After two bailouts and one debt restructure, Greece’s debt is still exorbitantly high and the country will need another 42 years to pay back what it owes to its lenders, provided that no new debt will be added, not extra interest rates will be added up in case of inability …

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Creative debt repayment. Reminds me the joke of a 100-euro bank note circulating in a village, enabling residents to repay their debts. One day before the deadline for a repayment to International Monetary Fund, Finance Minister Yanis Varoufakis reportedly gave the order: “Pay the tranche to the IMF!”. Immediately 750 …

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Another “crucial” Eurogroup meeting on Greece is taking place Monday afternoon in Brussels, just 24 hours before the deadline for the Greek repayment to International Monetary Fund – full 767 million euro. As Athens desperately seeking for some positive news from its creditors and decision makers,  Finance Minister Yanis Varoufakis …

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Greece repaid the first 310-million-euro installment of a loan from the International Monetary Fund that falls due this month, meeting an initial deadline in the cash-strapped state’s scramble to cover its funding needs, a government source said on Friday. Prime Minister Alexis Tsipras’ newly elected government must pay a total …

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“Greek government will ask for a two-month extension to repay the International Monetary Fund,” if not enough revenues collected, Alekos Flabouraris, State Minister responsible for government coordination said on Thursday. Speaking to private Mega TV, Flambouraris said that “there is a liquidity problem, but we believe that with the measures …

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Herewith we ascertain a change in the strict German position which was summarized into a short and firm “no economic concessions to Greeks”. German Chancellor Angela Merkel now pleads to an extension of Greek debt maturities and rejects restructuring of Greek debt. It looks as if the express visit by US Treasury …

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The dilemmas on Greece’s debt future seem endless: Default or Not Default? Drachma or Euro? Haircut or Extensions? With terminologies borrowed  from a hairdresser parlor around the corner and a bankers’ desk on the 245th skyscraper floor, the whole world is keep talking about Greece’s fiscal course: Survive or Fall. Economists and media are …

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