samedi 4 avril 2015
Greece Has Cash to Make IMF Payment Next Week, Minister Says
Posted on 06:25 by nice news
Greece and euro-area authorities are in negotiations about a package of measures proposed by the government to repair its economy, a condition for the release of bailout funds. The standoff has left the nation’s banks dependent on European Central Bank loans, with Greece facing risk of a possible default within weeks and a potential exit from the euro area.
Prime Minister Alexis Tsipras will visit Moscow next week, with Russia ready to discuss easing restrictions on Greek food products, according to Russian government officials. Russia isn’t considering financial assistance to Greece, they said.
Greece and euro-area authorities pledged to press ahead with efforts to reach an agreement, according to three officials with knowledge of a conference call of finance ministry deputies on Wednesday. Greece sent more details on its budget and economic proposals ahead of the call, including combating tax evasion and streamlining public administration.
“There is a cash shortfall problem if there isn’t any disbursement to Greece,” said Alberto Gallo, head of European macro-credit research at Royal Bank of Scotland Group Plc, said in an interview. “I think this reform plan is a good step. It goes deep enough on the technical details; it can be deepened even more.”
Prime Minister Alexis Tsipras will visit Moscow next week, with Russia ready to discuss easing restrictions on Greek food products, according to Russian government officials. Russia isn’t considering financial assistance to Greece, they said.
Greece and euro-area authorities pledged to press ahead with efforts to reach an agreement, according to three officials with knowledge of a conference call of finance ministry deputies on Wednesday. Greece sent more details on its budget and economic proposals ahead of the call, including combating tax evasion and streamlining public administration.
“There is a cash shortfall problem if there isn’t any disbursement to Greece,” said Alberto Gallo, head of European macro-credit research at Royal Bank of Scotland Group Plc, said in an interview. “I think this reform plan is a good step. It goes deep enough on the technical details; it can be deepened even more.”
Greece Has Cash to Make IMF Payment Next Week, Minister Says
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