Sunday Jan 25, 2015 Search
Weather | Athens
17o C
10o 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)  
Tsipras aims for deal with lenders by this summer
New highway still in limbo
Samaras in last-ditch appeal to voters
Experts brace for flu cases as few Greeks have had jab
Draghi’s QE promise to Greece depends on debt-market math
Greece’s inclusion in the European Central Bank’s bond-buying plan this year doesn’t just depend on its new government sticking to a bailout program. It also relies on some debt-market arith...
Eurozone to discuss another extension
Monday’s Eurogroup will discuss the possibility of another extension to Greece’s bailout program in the aftermath of Sunday’s general election, even if it is not yet certain the next governm...
Inside Business
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
COMMENTARY
The train
If we go by the polls, SYRIZA is set to win Sunday’s election and form a government. New Democracy did not really campaign, or perhaps it did so in a way that can only be explained if the pa...
EDITORIAL
The future is in your hands
On Sunday we will vote in a landmark and unique election. It is a landmark vote because what is at stake is whether Greece will be cut off from Europe’s core, whether certain necessary refor...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Olympiakos overcomes depleted OFI at Iraklio
2. Draghi’s QE promise to Greece depends on debt-market math
3. Tremendous Spanoulis sweeps Laboral Kutxa
4. Eurozone to discuss another extension
5. S&P sees red over ‘Euroskeptic’ governments
6. Tsipras aims for deal with lenders by this summer
more news
Today
This Week
1. Draghi’s QE promise to Greece depends on debt-market math
2. The train
3. The future is in your hands
4. Greek Elections 2015 | LIVE
5. A guide to Greek elections
6. From prison, Greece's Golden Dawn runs quiet but vitriolic campaign
Today
This Week
1. Piraeus Bank is third lender to request ELA
2. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
3. Fitch lowers Greece credit outlook to 'negative'
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. Greeks fork out nearly 5 pct of their incomes on telecom services
6. Greek Elections 2015 | LIVE
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.