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Greece

Trump Hints at U.S. Support for IMF Funding in Greece

American President Donald Trump announced on Monday that the U.S. policy regarding the International Monetary Fund on the issue of Greece will be revealed in the next few days. Speaking yesterday at a meeting with conservative journalists at the White...

Attica Bank Chief Roumeliotis: IMF's Wrong Forecasts Increased Greece's Funding Needs

The International Monetary Fund (IMF) has made serious mistakes in the first memorandum, noted the chairman of Attica Bank and Greece's former representative to IMF Panagiotis Roumeliotis speaking to Athens Macedonian News Agency. "The wrong forecasts increased Greece's funding needs"...

ESM Clarifies IMF Should Contribute in Greek Program’s Funding

The European Stability Mechanism (ESM) issued a clarification on a report published in Reuters on Tuesday, in which Director General Klaus Regling was quoted as saying that the International Monetary Fund (IMF) did not have to contribute with funds...

IMF Suspends Greece's Funding, Talks to Resume After Snap Elections

The decision of the International Monetary Fund (IMF) to suspend the provision of financial assistance to Greece until a new government is formed, after the general elections of January 25, was revealed by the Fund's Director of the Communications...

IMF Insists on Greece Debt Relief Measures

International Monetary Fund spokesman Gerry Rice expressed the Fund's willingness to work with Greece's European partners for a solution that will credibly reduce the country's debt, and lead it to a viable recovery. During a regular briefing in Washington, DC,...

IMF Wants Deal on Debt Before Entering Greek Program, Says Spox

The International Monetary Fund (IMF) will not participate in the funding of Greece’s bailout program if there’s no “reliable strategy for the sustainability” of the country’s debt, the fund’s spokesman William Murray said on Thursday, during a regular press...

US Government ‘Open’ to IMF’s Participation in Greek Bailout

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said. The US, the largest shareholder in the IMF, will likely not rule out new...

IMF Blog Explains Steps for Management of Sovereign Debt

The International Monetary Fund has explained its position regarding management of sovereign debt, including the Greek debt. In a piece on the management of sovereign debt, Sean Hagan, General Counsel and Director of the Legal Department, Maurice Obstfeld, Economic Counsellor...

Eurogroup's Dijsselbloem: No IMF in Greek Bailout, No Netherlands

  Only one day after Eurogroup's Jeroen Dijsselbloem stated that the IMF's take on the Greek debt was "unnecessarily Pessimistic," the finance minister warned that without the Fund's participation in the Greek bailout, the Netherlands would also withdraw. He stated that...

IMF Report: Greek Debt Unsustainable, Reforms and Tax Cuts Needed

The Greek debt is unsustainable in the long-term and further fiscal measures are needed, despite progress and sacrifices made, the International Monetary Fund said on Monday. According to the statement issued after the IMF board meeting, Greece needs to make...

IMF's Withdrawal from Greek Programme Does Not Mean New Memorandum, Say Gov't Sources

A possible IMF withdrawal from the Greek programme does not mean a new memorandum, government sources said on Friday, noting that an agreement exists and maybe this agreement needs to pass from the German parliament. According to the same sources,...

ECB Points to Eurogroup Efforts to Keep IMF in Greek Rescue Program

European Central Bank (ECB) Board Member Benoit Coeure said that the Eurozone finance ministers of the Eurogroup are doing all they can to find a solution that would make Greece's public debt sustainable. The International Monetary Fund (IMF) has...

Delia Velculescu: IMF Wants Greek Debt Sustainability, Μeasures Aren't Enough

International Monetary Fund (IMF) representative Delia Velculescu said that Greek debt is not sustainable, during her address at the Economist Conference in Athens. "Greece needs substantial debt relief," she said, adding that the IMF is participating in discussions and...

Greek PM Tsipras: IMF Report Was Never Presented to Us

With just two days left for one of Greece's most significant and contentious moments, Prime Minister Alexis Tsipras once again urged Greeks to vote "No" on Sunday's referendum and called on them to remain united throughout adversary. Tsipras gave a...