“Money last until mid-April”: Athens, this IMF payment in question – n-tv.de NEWS

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 Wednesday, April 01, 2015

 
 
 

 
 Greece could run out of money sooner than expected. Interior Minister Voutzis is a precaution to repay the IMF loan in question, thus ensuring astonishment. The government then assured that the money will flow .
 

 
 
 

Greece’s Interior Minister Nikos Voutzis has made a surprise announcement for attention: The politician said in an interview that Athens would repay a due in April rate for a loan from the International Monetary Fund (IMF) later. So that the country would be technically bankrupt – with unpredictable consequences. The denial came promptly: A government spokesman said there were no such plans

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On April 9, Athens has around 460 million euros to the IMF.. If the government does not do that, it would violate the Rules of the Fund, which prohibits a deferral of payment by installments. This rule has never been broken in the history of the IMF. The debtor would be banned immediately revert to the Fund.

“When to 9 April flows no money, we will first determine the salaries, pensions pay here in Greece and then ask our partners abroad to achieve consensus and understanding that we have the 450 million euro to the IMF will not pay on time, “Voutzis had the” said Spiegel “. The shift should “happen in agreement, so no default occurs.”

How long will the money last?

The Greek government and the rest of the euro zone are currently negotiating the release of the last 7.2 billion euros from the current aid package. The money will only flow when Athens committed in exchange for reforms. The previous agreements of the previous government in Athens rejects the new government, in part because of social hardship.

Both sides have agreed that Athens submit a list of reliable alternatives. That has not happened yet. The creditor group of the European Commission, ECB and IMF are the recent proposals for binding and vague.

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Greece it is under great time pressure. How long the government can still make all payments, is unclear. Most economists and analysts expect that the government has until the end of the month have enough funds. Interior Minister Voutzis called a different time period. “The money last until mid-April,” said the “SYRIZA” -Politiker

Therefore, try to get the government money from other pots, he added. “We want to continue the 1.2 billion euros from the European rescue fund EFSF back, we have inadvertently transferred,” Voutzis told the “mirror”. “We want the 1.9 billion euros from the bank rescue fund to be held back for months.” The money comes from the profits of a bond purchase program of the ECB.

  Source: n-tv.de
 

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