Growing pressure on Greece: IMF has Varoufakis back – n-tv.de NEWS

business
 

 Friday, April 17, 2015

 
 
 

 
 Deadlocked fronts in debt dispute with Greece: The Greek Finance Varoufakis endeavors in the US for a postponement of debt repayment. In IMF head Lagarde but he has granite.
 

 
 
 

It’s getting tight for Greece: The danger of bankruptcy country gets on its debt repayment no special treatment from the International Monetary Fund (IMF). Its chief Christine Lagarde refused a reprieve from Athens. Meanwhile affirmed Finance Minister Wolfgang Schäuble (CDU), Euro-aids for crisis countries could be realized only in return. Greek Finance Yianis Varoufakis criticized on the edge of the IMF Spring Meeting in Washington again the strict demands of donors.

The Greek crisis overshadowed the meeting of the IMF and the World Bank, which officially starts this Friday. Finance ministers and central bankers from 188 member countries are in Washington to discuss the development of the world economy.

Schäuble said Greece in a speech at the prestigious Brookings Institute in the US capital explicitly. But it was clear whom he said: “In Europe we have good reasons not to provide any financial assistance without proper consideration,” he said. “And we do not support that if a country does not use them to help themselves.”

Varoufakis spoke at the Think Tank event immediately after Schäuble. The Greeks called it a mistake, now an agreement with pledges to sign, which would harm the Greek economy. He explained that Athens rapid negotiated solution is very important. “We are absolutely prepared for compromise.” However, it would not have approved measures that would repeat “the mistakes of the past.” A binding agreement for a package of reforms is a prerequisite for the disbursement of put on hold billions in aid to Greece.

Lagarde expects 2.5 billion euros in May and June

Athens donors, although suggestions submitted, but this does not go far enough. At a meeting of EU finance ministers on 24 April in Riga, Latvia, it would probably be “taking stock” – that is a decision, a spokesman for the European Commission. Thus, the decision to further help would be postponed again.

More about

Meanwhile, Lagarde responded to a report in the “Financial Times”, consequently Athens the crisis helper recently informally asked to be allowed to settle overdue installments later, this was refused. To grant deferred payment “would certainly not a procedure that would be recommended in the current situation,” she said. Only in May and June, Greece must referrals to the IMF of around 2.5 billion euros active.

The previous aid to Greece amounted to 240 billion euros. To avert a disaster, Athens must pay back the IMF on May 12, nearly 770 million euros. In addition, Athens must refinance with a three- to six-month period on 8 and 15 May respectively 1.4 billion euros of papers. In April it was Athens succeeded with the help of deposits from pension funds to meet commitments to the IMF and avert a default.

  Source: n-tv.de
 

  Theme