Friday, April 17, 2015

Lagarde: No deferred payment for Greece – tagesschau.de

Date: 17/04/2015 09:13 clock

How slowly it is really tight: Greece has failed in his attempt to obtain a postponement of payment at the International Monetary Fund. This means that around 1 billion euros are due in May. And a compromise on the reform program is further than ever.

Who currently is betting that Greece does not go bankrupt, must have pretty good nerves. Because while trying to raise money, Greece has experienced another setback. The International Monetary Fund leaned on the edge of the Spring in Washington a postponement of payment from Greece. “Never before has asked for a delayed payment a developed economy,” said IMF chief Christine Lagarde, “This would be similar to an additional cash injection.” And therefore it will not be just that.



reform program is still not in sight

Not the only bad news. For the negotiations on a Greek reform program that condition for the disbursement of 7.2 billion euros are virtually come to a standstill. Until the end of April here the deadline, but Finance Minister Wolfgang Schäuble looks for the meeting of euro zone finance ministers next week in Riga no progress “According to the state of the talks I have no expectation that we get such a report,” said Schaeuble in Washington. And statements of Finance Minister of Greece Giani Varoufakis can also expect little: his country would not sign any loan agreement that could overwhelm his country. Strict demands for reform, he again rejected

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hopefuls Church

The question remains, how Greece then wants to get his money. One possible answer: from the Greek Orthodox Church. In a letter to Church leader Hieronymus II. Wrote Prime Minister Alexis Tsipras, the offer of the church to use its land ownership as a huge source of money to accept. This could be the state “really give air to breathe.” A commission is to determine how the property of the Church can lead to revenue without having to be sold now.

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