IMF Refuses Greece
Photo from greece.greekreporter.com
IMF head Christine Lagarde refused to grant Greece a delay in payment of its debt in May, Sputnik News reports.
According to Lagarde IMF had already explained the policy of not granting delay requests to Greek Finance Minister Yanis Varoufakis after Greece informally asked for more time earlier this month.
"Payment delays have not been granted by the board of the IMF in 30 years. We have been able to express and explain the policy of the IMF in terms of payment delays and give the precedents and history of that to Mr Varoufakis," noted Lagarde as quoted by the Financial Times.
Overall Greece's debt to the troika of international creditors, the IMF, the European Union and the European Central Bank (ECB), is estimated to be some $270 billion.
Other materials on this subject
- Greece Emerges from Eurozone Bailout Programme The economy has grown slowly in recent years and is still 25% smaller than when the crisis began.
- Greece Can be Competitive Once Makes Reforms: Schaeuble Greece can have a competitive economy once it makes reforms agreed with its euro zone creditors, German Finance Minister Wolfgang Schaeuble said on Monday.
- Greek Unemployment Rises to 23.4 Percent in August, Eurozone Highest Greece's unemployment rate has come down from record highs but remains more than double the euro zone's average of 10 percent in August.
- Eurogroup to Disburse 10.3 bln Euros to Greece The Eurogroup also recalled the medium-term primary surplus target for Greece at 3.5% of GDP as of 2018 and underlined the "importance of a fiscal trajectory consistent with the fiscal commitments under...
- 48-Hour Strike Began in Greece Public transport workers joined the strike. Today and on Saturday in the Greek capital metros, trolley buses and trams will not work.
Read also
-
Ethnic Cleansing or a Last Stand for Survival? – Ambassador Tigran Mkrtchyan’s op-ed
-
Meeting with Members of the Hellenic Parliament: Development of Effective Relations in the Geopolitical Difficult Times Highlighted
-
Strong earthquake in Greece: the tremor was felt in Athens
-
Greece Strongly Condemns Execution of Armenian POWs by Azerbaijani Forces
-
PM Pashinyan Receives the Delegation Led by the Greek Foreign Minister
-
Revisionist Policies Will Fail: Greek FM Sends Message from Armenia to Countries Seeking to Redraw Maps
-
Greek Foreign Minister to Visit Armenia
-
Turkey Attempts to Turn Back Clock of History, to Revive Ottoman Empire: Greek FM
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
cloudy
Humidity: 88%
Wind: 2.06 km/h
Humidity: 88%
Wind: 2.06 km/h
12 C°
22° 13°
05.05.2024
21° 11°
06.05.2024
Poll