Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
IMF chief endorses Greece decision

 Lagarde says she will recommend debt deal to board

In an apparent confirmation of the IMF's continued participation in Greece's rescue program, the chief of the Washington-based organization Christine Lagarde welcomed a eurozone decision on Thursday to release fresh aid to the debt-hit country.

Lagarde said in a press release that she would ask the IMF's executive board to complete the first review of Greece's rescue program. She said she expected a Board meeting on Greece to take place in January.

“I welcome the Eurogroup's decision to support the debt buyback operation for Greece and its assurances to provide additional debt relief if necessary and provided Greece has achieved a primary budget balance in 2013,” Lagarde said.

“These steps will ensure that Greece's debt-to-GDP declines to 124 percent by 2020 and to substantially below 110 percent by 2022,” she added.

Earlier in the day, euro area finance ministers meeting in Brussels approved the payout of 49.1 billion euros ($64 billion) of loans through March and committed to “additional measures” in case Greece’s debt reduction veers off track.

ekathimerini.com , Thursday December 13, 2012 (17:23)  
Parts of Thessaloniki university campus sealed off as police investigate bomb threat
Finance Minister, MPs to finalize overhaul of party funding laws
EU envoy sees ´clear progress´ on immigration, asylum
Coalition split over civil service evaluation scheme
Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Dromeus Capital Management SA is turning Greek tragedy into triumph. When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund ...
Number of firms filing for bankruptcy in Greece drops
The number of companies that filed for bankruptcy in Greece last year declined by 5.5 percent from 2012, according to ICAP Group data released on Tuesday by the Federation of Business Inform...
Inside Business
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Number of firms filing for bankruptcy in Greece drops
4. TAIPED finally finds suitors for Afandou properties
5. Traders say last weekend proved Sunday opening is pointless
6. Fight for ADMIE privatization ends
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Unequal after death
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.