Monday, April 6, 2015

Finance Minister Varoufakis says Greece plans to meet 'all obligations'

Greek Finance Minister Yanis Varoufakis said on Sunday Greece "intends to meet all obligations to all its creditors, ad infinitum" following a meeting in Washington with International Monetary Fund officials.

He told reporters the government also plans to "reform Greece deeply" and to try to improve the "efficacy of negotiations" with its creditors.

IMF Managing Director Christine Lagarde said in a statement after meeting with Varoufakis that she welcomed his confirmation that Athens would make a loan payment due to the IMF later this week.

The euro zone country is fast running out of cash, but its EU and IMF lenders have frozen bailout aid until the leftist-led government reaches agreement on a package of reforms.

  • Greek Minister of State Alekos Flabouraris told Greece's Skai TV that Varoufakis would ask the IMF to help pick up the pace of the negotiations, which have been tense and slow-moving.
Most urgently, Greece is on the hook for a roughly 450 million euro loan repayment to the IMF due this Thursday.

  • "I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th," Lagarde said.

She said due diligence efforts in Athens and talks with teams in Brussels over the terms of Greece's bailout would "resume promptly on Monday."

  [jpost.com by Reuters]
6/4/15
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2 comments:

  1. Greece’s finance minister has told the International Monetary Fund (IMF) chief that his country will repay a loan from the organisation that is due this week.

    IMF Managing Director Christine Lagarde and Mr Yanis Varoufakis met in Washington yesterday (April 5) for an “informal discussion” on the debt-stricken nation’s reform program, an IMF statement said.

    Greece is in difficult negotiations with creditors over its bailout programme, which has delayed the disbursement of a € 7.2 billion (S$10.7 billion) aid tranche. That has led to a cash crunch, forcing the government to tap reserves.

    “We both agreed that effective cooperation is in everyone’s interest,” Ms Lagarde said in the statement. “We noted that continuing uncertainty is not in Greece’s interest.”

    Greece must repay a € 450 million IMF loan installment on Thursday.
    AP
    http://www.todayonline.com/world/europe/imf-says-greece-confirms-it-will-repay-loan-due-april

    ReplyDelete
  2. Varoufakis setzt sich eine Deadline...

    Dem IWF sagt Yanis Varoufakis die Rückzahlung eines Millionenkredits zu. Auf die Reformliste warten die Euro-Partner hingegen weiter. Dennoch nennt der griechische Finanzminister ein konkretes Datum für eine Einigung.

    Griechenland strebt Finanzminister Yanis Varoufakis zufolge eine vorläufige Einigung mit den internationalen Geldgebern seines Landes beim Euro-Gruppen-Treffen an. „Auf dem Euro-Gruppen-Treffen am 24. April muss es ein vorläufiges Ergebnis (der Gespräche) geben, gemäß den Vereinbarungen am 20. Februar“, sagte Varoufakis der griechischen Zeitung „Naftemporiki“ am Montag................http://www.handelsblatt.com/politik/international/griechenland-krise-varoufakis-setzt-sich-eine-deadline/11598748.html
    6/4/15

    ReplyDelete

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