Over 450 million euros payable to the International Monetary Fund Thursday and sources in the Greek finance ministry said according to news agency DPA that the payment will be met.
But the new loan installment to be covered the next few weeks along with both state wages and pensions. And checkout is as good as empty.
The clock is ticking loudly for the Greeks while they try to come to an agreement with the lenders in the eurozone and the IMF disbursement of new loan funds. Greece hopes the agreement will be in place when the finance ministers of the eurozone gather in Riga on April 24.
But Greece also request more immediate support.
Prayer
– It was a strong statement from the Greek side that liquidity is becoming very bad. And it was tabled desire to release a form of liquidity support before the meeting on April 24, said an EU source told Reuters after a euro meeting Wednesday night.
– But nobody knows how it could be done. There is no willingness to provide assistance until there is progress on the reform program, the source said.
It happens namely no payments until Greece meets the conditions, and the government in Athens accused continued to linger getting put together reforms creditors require to pay the last 7.2 billion euro that remain Greeks emergency loans.
bankruptcy
Without access to funds at risk Greeks with a government debt at staggering 317 billion euros to go bankruptcy. And a state bankruptcy may ultimately force them out of the eurozone, a so-called “Grexit.”
– The likelihood of a Grexit is greater than it has ever been since the euro was introduced, says an unnamed banker to newspaper Financial Times.
Greece has been dependent on emergency loans totaling 240 billion euros since 2010.
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