Tuesday April 21, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Debt lightening may depend on program’s progress

By Sotiris Nikas and Katerina Sokou

The delay in the latest assessment of the Greek streamlining program may be at the forefront of political and financial developments, but in the background the creditors’ stance appears softer on the issue of Greek debt sustainability that will soon return to the negotiating table, allowing for a compromise.

The eurozone and the International Monetary Fund hold the converging view that the Greek debt could be lightened if reforms and privatizations are promoted in Greece. Those least confident in the Greek authorities’ determination to see reforms through believe that a conditional restructuring of the debt would add one more incentive for the opening up of the country’s economy and the improvement of its growth prospects. Another informal proposal concerns the reduction of the debt depending on sell-off revenues.

The solution favored by the eurozone provides only for the extension of maturities and a reduction in interest rates – not a haircut – although that would not suffice for Greece to meet the IMF debt sustainability terms. Until recently, the Fund had insisted on a haircut to the official sector debt, but sources familiar with the IMF’s positions say that the issue “is not black and white, there are various approaches,” thereby leaving a compromise solution open.

The eurozone has committed itself to doing what it can to help Greece render its debt sustainable, provided the bailout program is strictly adhered to.

ekathimerini.com , Sunday February 2, 2014 (22:21)  
Pension and lump sum cuts to be frozen
Eldorado Gold appeals to Council of State over ministry ‘ambivalence’
Radical measures against illegal economy proposed at Tax Forum
ECB: Cash support has its limits
Two men accused of migrant smuggling face prosecutor over deadly shipwreck
Two Syrian men aged 26 and 27 are to face a prosecutor on Tuesday after migrants rescued from a shipwreck that claimed at least three lives off the coast of the southeastern Aegean island of...
Minister scraps most civil service assessment measures in new draft bill
Public sector workers will be rewarded for their performance in a vote by their colleagues and personal interviews will play a secondary role to career records, according to a bill being dra...
Inside News
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
Inside Sports
COMMENTARY
Understanding Greek drama´s latest twists
With negotiations faltering, the rhetoric intensifying and a daunting payment schedule ahead, there is mounting concern that the latest disagreements over Greece may be more than just anothe...
COMMENTARY
The price of compromise
The representatives of the middle-class political world made plenty of compromises over the years and now we are paying the price. The current government’s appointment of failed politicos, u...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
2. Panathinaikos recovers to beat CSKA for 2-1
3. Pension and lump sum cuts to be frozen
4. Eldorado Gold appeals to Council of State over ministry ‘ambivalence’
5. Radical measures against illegal economy proposed at Tax Forum
6. ECB: Cash support has its limits
more news
Today
This Week
1. Varoufakis warns of Grexit contagion
2. Finns must end squabbles over Greece and fix own woes, Rehn says
3. Greek banks low on refinancing collateral, Noyer tells Le Figaro
4. Euro area seeks Greece roadmap to May agreement to avoid default
5. Understanding Greek drama's latest twists
6. US and Turkey express concern about possible early release of N17's Xeros
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. Putting off payments led to Q1 budget primary surplus
5. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
6. EC's Dombrovskis says Greek talks complicated, still lots of work to do
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.