Arab Today, arab today imf stays grexit risk not over
Last Updated : GMT 10:18:59
Arab Today, arab today
Arab Today, arab today

IMF stays, Grexit risk not over

Arab Today, arab today

Arab Today, arab today IMF stays, Grexit risk not over

Greek Prime Minister Alexis Tsipras has argued that the IMF's participation in a bailout
Athens - AFP

Greece cannot remove the IMF from its economic bailout, the head of the EU's rescue fund said Sunday, adding that the possibility of a Greek eurozone exit remains if reforms are neglected.

"There has to be a financial contribution because the IMF, according to the ESM Treaty and to the agreement in the July summit, should be part of the programme also financially," Klaus Regling, head of the European Stability Mechanism, told To Vima weekly.

Greek Prime Minister Alexis Tsipras last week argued that the global lender's participation was "not necessary" in the country's third bailout, highlighting the International Monetary Fund's "unconstructive" position in demanding tough reforms and guarantees.

But Regling warned Sunday: "If the IMF decides not to participate it could be a big problem."

"My assumption is that the IMF will participate," he said, adding that the contribution "is likely to be small."

Tsipras' leftist government was forced in July to back down from its anti-austerity electoral pledges and accept a three-year, 86 billion euro ($94 billion) rescue from its eurozone partners.

At the time, the threat of Greece being forced to leave the eurozone had been broached in Brussels, and Regling on Sunday said the risk was theoretically still present.

"Greece has agreed to implement reforms which are necessary so that its partners can provide the financing needed and Greece can return to a sustainable economic situation," the European Stability Mechanism chief said.

"But ultimately the possibility is always there, if commitments as a member of monetary union are not respected,” he said in reference to the so-called Grexit.

Tsipras' administration has since July pushed through parliament a number of unpopular bailout reforms, losing part of its majority in the chamber to defections in the process.

Next week lawmakers will be called to approve the privatisation of electricity distributor Admie and the sale of non-performing business loans to distress funds.

But Athens must next overhaul its social security system and possibly cut pensions, a measure that is likely to put further pressure on the government's tenuous hold on parliament.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf stays grexit risk not over Arab Today, arab today imf stays grexit risk not over

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf stays grexit risk not over Arab Today, arab today imf stays grexit risk not over

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday