Wednesday October 1, 2014 Search
Weather | Athens
26o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece rejects talk of third bailout after IMF official's claim

Finance Minister Yannis Stournaras has rejected suggestions that Greece needs a third bailout after the country’s representative to the International Monetary Fund, Thanos Catsambas, told the Wall Street Journal that more financing or a second debt restructuring would be needed.

“Greece will require additional financing, which may take the form either of official-sector involvement or of additional loans, hopefully on more favorable terms,» Catsambas told the newspaper.

Stournaras sought to quickly quash the suggestion. «The country's positions are formulated by the Prime Minister and the Finance Minister,» Stournaras told Reuters.

Greece is currently trying to agree a new package of austerity measures with the troika in order to qualify for its latest bailout installment, worth 31.5 billion euros.

It has not entered any discussions about a third bailout package or a restructuring of debt held by the European Central Bank and its eurozone partners.

However, there Greece may face a potential problem with the IMF, which requires the country’s debt to be on a path to sustainability in order to release its part of the loan tranche. The fund deems sustainable as being Greece’s public debt as being 120 percent of GDP by 2020.

IMF spokesman Gerry Rice said that the Washington-based organization was focused on the current Greek program, rather than a new one.

However, Rice suggested that Athens could be given more time to meet its bailout targets. Greece is trying to convince the troika to allow it one or two more years to complete its fiscal adjustment.

"There are good arguments to extend the period for Greece to implement its fiscal adjustment,” Rice said, according to AFP.

ekathimerini.com , Thursday September 13, 2012 (18:06)  
Would-be commissioner Avramopoulos sets out priorities on migration
Money ring sent 4.5 mln abroad
Troika talks begin amid coalition tensions
Halandri Roma shacks to be demolished
NBG Pangaea eyes listing on foreign bourse, huge portfolio
Leading Greek property investment company NBG Pangaea is getting ready to spread its wings as it eyes the creation of a major portfolio worth up to 4 billion euros to be listed not only on t...
Out-of-control unpaid bills bring PPC to its knees
Public Power Corporation (PPC) is heading for a financial blackout as unpaid electricity bills are growing at an annual rate of 30 percent, having reached 1.7 billion euros at the end of Jul...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakos’s first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Next-day jitters
It is usual for Greek governments, whether one-party or coalitions (which are normally loath to actually work together), to claim that their only real challenge is dealing with the country’s...
EDITORIAL
No sweet debt deals
The lion’s share of Greece’s debt is held by European Union member states and the International Monetary Fund. A writedown of the European part of the debt would require the approval of the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. NBG Pangaea eyes listing on foreign bourse, huge portfolio
2. Out-of-control unpaid bills bring PPC to its knees
3. Banks feel optimistic ahead of stress test results
4. S&P upgrades OTE’s credit rating and revises outlook
5. Athens tourism fuels hotel occupancy
6. Would-be commissioner Avramopoulos sets out priorities on migration
more news
Today
This Week
1. Next-day jitters
2. Roma camp off Mesogeion Avenue set for demolition amid reactions
3. No sweet debt deals
4. Greek unemployment dips to 27 pct in June, but still highest in EU
5. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
6. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.