The IMF participates in after the withdrawal on Thursday returned to the Greece negotiations. The government in Athens today promises for new proposals.
IMF chief Christine Lagarde: The International Monetary Fund is participating again in the negotiations on Greece’s debt crisis. | © Ueslei Marcelino / Reuters
In the debt dispute between Greece and its lenders, the International Monetary Fund (IMF), according to a media report returns to the interview table. The IMF will be represented at the announced talks with the Greek government on Saturday in Brussels, the newspaper The World reported directly involved, citing two people familiar with the negotiations. On Thursday, the IMF negotiating team was surprisingly left out of Brussels and was justified by the large differences in material respects. The move caused a nervousness in the financial markets and let the fear come up, that the negotiations have failed.
The bankrupt threatened Greece is in urgent need of new aids. On Saturday, the government in Athens has announced concrete proposals, according to a Greek representative. “The Greek side is ready to put forward counter-proposals, so that the remaining differences can be bridged,” it said in government circles in Athens. An agreement was “as close as before.”
The IMF will “at any meetings with government officials representing his” and on Saturday have “a local agent”, quoted the World their informants. Whether the complete team of experts from the IMF will be sent back to Brussels, was open. The Fund will “naturally return if the technical talks be resumed after the meeting on Saturday, the team,” it said in the newspaper report.
The euro zone finance ministers advised on 18 June in Luxembourg on the financial crisis , Then IMF chief Christine Lagarde should sit back at the table. The Greek Government considers an understanding hitherto possible. “There will be an agreement because a Greek default neither in favor of us still our creditors would”, State Minister Alekos Flambouraris said the state broadcaster ERT.
In the Rheinische Post be said of head of the SME association of the CDU and CSU, Carsten Linnemann, for an end to the recent bailout policy. “In the end, would a bankruptcy order – even if it means the euro exit of Greece – strengthen the monetary union”, the Paderborn CDU politician said. The euro exit he considered acceptable. Bundesbank Vice President Claudia book warned in the newspaper before taking such a step. “The direct risk of contagion to other countries is lower because the direct exposures of banks to Greece are low,” she said. “But no one knows at what indirect effects would occur.”
The US rating agency Standard & amp; Poor’s (S & P) downgraded meanwhile reduced the creditworthiness of four major banks in Greece. The credit rating was lowered by one grade to junk status “CCC”, said the agency. This concerns the Alpha Bank, the Euro Bank, the National Bank of Greece and Piraeus Bank. The financial institutions headed in the next twelve months is expected to be a bust, it should not come to an agreement on Greek debt dispute, said S & P. The customers had withdrawn between November and the end of April about 35 billion euros, 30 percent of their total deposits from the banks.
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