imf demands more from eurozone on greek debt relief
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IMF demands more from eurozone on Greek debt relief

Arab Today, arab today

Arab Today, arab today IMF demands more from eurozone on Greek debt relief

Athens and the EU and IMF have been deadlocked
Brussels - AFP

The IMF on Tuesday demanded more detailed commitments from the eurozone on debt relief for Greece before it could accept joining the country's latest bailout and end a year-long row with Europe.

After more than eight hours of talks in Brussels overnight, eurozone finance ministers and the IMF failed to settle their deep differences on the thorny debt question.

The eurozone-IMF standoff is the final obstacle to unlocking a tranche of bailout funds that will let Greece repay 7.0 billion euros of loans due in July.

Hopes were high that the deadlock could be broken after Greek lawmakers last Thursday adopted a new round of additional, painful austerity measures.

While hailing these reform efforts as "exactly what we have been looking for," Poul Thomsen, head the IMF's European Department, said the different sides still could not agree on debt relief.

"For us to go ahead, (the reform package) needs to be supplemented with a credible package on debt relief," Thomsen said.

"Here we are making progress, there are not doubts about that, but we are not quite there yet," he said.

The IMF is demanding that the eurozone provide a detailed commitment to debt relief that Greece will adopt at the end of its current bailout programme, expected at the end of 2018.

But Germany is wary because doing any favours for Athens is deemed a vote killer ahead of general elections in September.

The talks will resume at the next meeting of eurozone finance ministers in June.

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*

imf demands more from eurozone on greek debt relief imf demands more from eurozone on greek debt relief

 



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*

imf demands more from eurozone on greek debt relief imf demands more from eurozone on greek debt relief

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday