AFP - The International Monetary Fund warned Athens Thursday to firm up its broad financing plans and policy actions to be able to continue receiving IMF bailout funds in concert with the European Union.
The International Monetary Fund warned Athens to firm up its broad financing plans and policy actions to be able to continue receiving IMF bailout funds in concert with the European Union.With Athens warning it will go bankrupt without the next 12-billion-euro installment from a joint IMF-EU rescue program, IMF spokeswoman Caroline Atkinson said the Fund needed "assurances" on how the country will fund its future to continue giving it support.
ATHENS — Greek municipal workers went on strike for the second day Tuesday to protest their inclusion in a government plan to reduce the number of civil servants and meet criteria for the country to continue receiving vital funds from its international bailout.
Up to 3,000 striking municipal workers marched through the streets of central Athens in their second demonstration in as many days to voice their objections to the civil servants’ reduction scheme.
A top EU bailout official warned the eurozone Thursday that it must order Greece to make fresh budget cuts or raise more taxes, or eurozone members will have to cough up more cash themselves.As a new Greek government takes office, the country's second bailout which was stuck in limbo as voters challenged European Union and International Monetary Fund austerity measures in two elections, is "totally off track, months behind schedule," Thomas Wieser told AFP.
Bundesbank chief Jens Weidmann expressed concern Monday about threats to the independence of central banks, particularly in Japan and Hungary, which he warned could sharply politicise exchange rate policy. "We are witnessing disturbing abuses, for example in Hungary or in Japan, where the new government is interfering massively in the affairs of the central bank, calling forcefully for a more aggressive monetary policy," Weidmann said at a new year reception at the Frankfurt stock exchange's operator, Deutsche Boerse.