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.
Just when everyone was convinced that the main "risk off" event of the summer, namely the Greek bailout, was safely tucked away and that having abdicated its sovereignty to its creditors and Germany in particular, who now hold the Greek banking system hostage courtesy of draconian capital controls, that Greece would continue to receive its monthly cash allotment just so it could repay creditors from its first two bailouts and would not make headlines for the foreseeable future , Market News just reported that suddenly even
ATHENS: Hopes that Greece and its creditors can seal a debt deal with exactly one week left to avert default could fade as the Greek premier faces pressure to convince his anti-austerity party to approve concessions needed to unblock bailout funds. "We are very near (an agreement), the next 48 hours will be decisive," said Greek government spokesman Gabriel Sakellaridis, after Monday's emergency eurozone summit ended with an optimistic assessment of Athens' latest proposals to its European Union and International Monetary Fund creditors.
Athens (AFP) - Greece is due to make its 459 million euro ($495 million) April loan payment to the IMF Thursday following days of uncertainty, but the European nation's ability to honour its debts remains a source of acute anxiety to creditors.
KRUEN, Germany — The European Union’s exasperation with Greece burst into the open on Sunday when its chief executive rebuked leftist Prime Minister Alexis Tsipras and warned that time was running out to conclude a debt deal to avert a damaging Greek default.
In unusually sharp terms, European Commission President Jean-Claude Juncker accused Tsipras of distorting proposals by international creditors for a cash-for-reform agreement and of dragging his feet in putting forward alternative proposals.
Brussels (AFP) - Greek Prime Minister Alexis Tsipras was expected to meet with Angela Merkel in Brussels Wednesday after the EU's top official for the euro said a breakthrough bailout deal was "days" away.
Athens (AFP) - Greece said it hopes to conclude by Sunday a deal with its international creditors to unlock much-needed bailout funds."We intend to wrap up the agreement very quickly," Greek government spokesman Gabriel Sakellaridis said at a news conference.
Athens (AFP) - A deal on Greece's bailout is possible before the end of April, EU Council President Donald Tusk said Tuesday as Athens continued tough talks with its creditors on a disputed list of reforms.