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Athens Macedonian News Agency: News in English, 16-05-20

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] PM Tsipras offers condolences to Egyptian President
  • [02] IMF: Greek debt relief needs long grace, maturity periods

  • [01] PM Tsipras offers condolences to Egyptian President

    Prime Minister Alexis Tsipras on Friday expressed his condolences to the Egyptian president Abdel Fattah al-Sisi for the missing aircraft of Egyptair.

    Tsipras reassured the Egyptian President that Greece is ready to contribute by all means and to cooperate with Egypt in order to investigate the causes of this case.

    [02] IMF: Greek debt relief needs long grace, maturity periods

    The International Monetary Fund (IMF) insists on the need for a generous debt relief which can only be achieved with particularly favourable repayment terms on existing loans.

    IMF spokesman Gerry Rice in an event in Washington on Thursday underlined that the sustainability of the Greek public debt can be achieved without a haircut but with a long grace period of the existing bonds and the reduction of interest rates.

    In any case, he said, the IMF is examining ways to participate in the Greek programme provided that it is based on two pillars; the significant reduction of public debt and credible policies for meeting realistic targets.

    Rice also said that the IMF still views the primary budget surplus targets for Greece of 3.5 percent of gross domestic product as unsustainable in the long term, adding, "we believe that this would mean too much austerity."

    Rice also said that the IMF will submit its proposals for Greece's reforms and debt at the Eurogroup next Monday.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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