Officially the Greek crisis at the IMF spring meeting was not an issue – but off the table, the differences are far. But Finance Minister Schaeuble said he was confident that a deal will succeed soon.
He believes in all the meetings of these days the word Greece had not risen, the German Finance Minister Wolfgang Schaeuble said at the end of the IMF meeting in Washington. Greece off the table? No longer an issue for the International Monetary Fund? No, it prevails rather to change your mind.
Currently just be the reforms locally assessed, and there is still a dispute over debt relief. The IMF wants Europe to adopt the Greek debt – only then the IMF is ready to give fresh money. That the head of the European Department at the IMF, Poul Thompson, confirmed again: You’ll
“rule only on a program if we have a policy and a debt solution The discussion about the debt must start soon.”.
Schäuble remains confident
the differences of opinion between Germany and the IMF on the future of Greece were therefore not yet been resolved in this spring. But Finance Minister Schaeuble is confident that the IMF will give new loans: The IMF involvement is “part of the program that is no apodictic German position”, said Schäuble – and referred, for example, the Dutch Finance
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In addition, the Greeks would have to do more in terms of saving and controlling driving emphasizes Schäuble: “of course it is much easier to talk about a haircut, as measures which it has undertaken to implement. “
Gloomy outlook for the global economy
At the end of the spring meeting of the IMF and world Bank, a rail Clear skies over the US capital. But the IMF sees dark clouds over the global economy raise. He therefore demanded from politicians more actions: taxes down, economic or investment programs. The central banks have their powder already as good as fired, European interest rates are at zero, money in abundance.
However, the IMF looked at its spring sprout still a very different stimulus program: the influx of people from other countries. Refugees who want to live in Europe, might well help the European economy, as EU expert Thompson: “You can long-term foster growth because they create worker refugees are indeed no solution for aging societies, but they do help, however, is crucial for.. that integration into the labor market works, “he says.
utility refugees
the world Bank has in the spring an extensive utility countries decided to provide the refugees. Around 1.6 million dollars are initially Lebanon and Jordan are provided.
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