Deferred payment: Greece wants to settle debts until the end of the month – The World

Greece has asked the International Monetary Fund to be able to afford his four loan repayments due in June in one fell swoop at the end of the month. This was announced by IMF spokesman Gerry Rice on Thursday.

The first June rate of 300 million euros would have been due on Friday.

“We have an opportunity in the rules of the IMF exhausted, which gives us more time for the negotiations,” said a government official in Athens. The fund said in Washington that regulation, to settle all overdue in monthly installments at a stroke, had been introduced in the late 70s. The desired objective was that time, eliminate management problems that can arise when a number of transfers have to be processed in a short period of time.

Greece to Zambia mid-80s only overall lifetimes the second country that makes use of the possibility. However, not because of technical transfer problems, but because Athens is not enough money. The so-called Zambia option gives Greece an additional four weeks time to achieve an agreement with donors and so obtain the remaining 7.2 billion euros in aid from the second rescue package.

Athens threatens national bankruptcy

Photo: Infographic The World In June, Greece has an enormous sum at the International Monetary Fund to pay

For the disbursement of 7.2 billion euros require the creditor – in addition to the IMF essentially the ECB and the EU – reform commitments of the Greek government. This has indeed made proposals, but are miles away from where the creditor. Negotiations on Wednesday remained without agreement

Greece paid his debt so far punctually, but this month 1.6 billion euros are due solely to the IMF. – namely to pay in four installments until 19 June. Now to complete the payment on 30 June. If this does not happen, Greece threatens national bankruptcy and in the worst case, the exit from the Euro.

For Greece the Zambia option is a kind of humiliation. Because that makes the country now definitely in the same league as emerging markets such as the African Zambia. At the same time revealed the suspension of payments, as the country has become clammy. According to insiders, Athens will indeed have enough money to pay the rate of just over 300 million euros. However one wants to save the funds prefer to pay later pensions and wages of government employees can.

If the agreement after the G-7 summit?

German Chancellor Angela Merkel (CDU) currently looks still no end to the negotiations in the debt dispute with Greece. The negotiations were all with high pressure, they are but “by no means come to a full stop,” Merkel said on Thursday, in the Brandenburg Meseberg on sidelines of a meeting with the German social partners. That’s why they did not want to talk about details.

Let us try to find a solution. They assume that the three institutions – the IMF, ECB and EU Commission – in any State would have the highest degree of persuasion together, said Merkel

. EU Commission chief Jean-Claude Juncker, Euro group chief Jeroen Dijsselbloem and Tsipras had plumbed compromise lines for hours in the night of Thursday. There were first approximations.

Contrary to initial plans, the euro zone finance ministers now want to but do not come together on Friday at a special meeting on Greece. This was reported on Thursday evening from EU sources in Brussels. Recent developments such as the pooling of payable to the International Monetary Fund rates is not a good sign; It will be difficult now, it said.

there is the next possibility of a Euro Group meeting in accordance with EU diplomats after the G7 meeting at Schloss Elmau in Bavaria, so the middle of next week. In the months-long stalemate want Greece donors end the debt dispute soon.

On Friday, another, possibly decisive crisis meeting was initially been planned top level in Brussels to with Greece to agree on a reform list.

 
  dpa / AFP / AP / mak / Hz.

reader comments are hidden.

// The following are highly recommended Additional Parameters. var disqus_identifier = 141980822; // Article ID where comments used var disqus_url=’http://www.welt.de/wirtschaft/article141980822/Griechenland-will-Schulden-erst-am-Monatsende-begleichen.html’;//article URL where comments Used Function disqusAd (e) {var s2 = document (“iframe”); s2.src = “http://appc.welt.de/static/welt/2012/pa-anzeigen/anzeige.html”; s2.width = 620; s2.height = 100; s2.style.overflow = ‘hidden’; s2.scrolling = “no”; s2.style.border = “none”; $ (E) .parent () append (s2). s2.scrolling = “no”; } Var dsqcounter = 1; / * * DO NOT EDIT BELOW THIS LINE * * * / $ (document) .ready (function () {(function () {var disqusSsoEnabled = false;! Var experimental mode = $ .cookie (‘BIGP_EXPERIMENTAL’); if (experimental mode) {disqusSsoEnabled = true;} if (disqusSsoEnabled) {window.disqusid = $ .cookie (‘disqusid’); window.disqus_config = function () {this.sso = {name: “Login” button: “http : //img.welt.de/skins/welt/gfx/disqus_login.png “, url:” https://ssl.welt.de/user-web/disqus/login.jsp “logout:” https: / /ssl.welt.de/user-web/disqus/logout.jsp “width” 500 “height:” 500 “}; if (window.disqusid) {window.disqusid = window.disqusid.replace (new RegExp (“”., “g”), ‘=’); window.disqusid = window.disqusid.replace (new RegExp (“_”, “g”), ”); this.page.remote_auth_s3 = window.disqusid; this.page.api_key = ’8JmKKMV2FgF5OgVCye4P0v3Q9aJK8eQOZ6VtqjfLaMgTzrNy465erNMGjGFhbW2X’; }}; }} ()); (Function () {var DSQ = document (‘script’); dsq.type = ‘text / javascript’; dsq.async = true; dsq.src = ‘http: //’ + disqus_shortname + ‘.disqus. com / embed.js’; if ($ .cookie (‘ASsocialOptout’)! = ‘true’) {(document.getElementsByTagName (‘head’) [0] || document.getElementsByTagName (‘body’) [0]) .appendChild (DSQ);} else {$ (‘.disqus .optoutSocMed’) html (optoutHTML) .Show ();.}}) (); var = {wDisqusCfg disqussion: false}; asms.extend (asms.config, “wDisqus” wDisqusCfg); asms.general.ece.widgets.disqus.init (asms.config.wDisqus); }); comments powered by