Thursday May 28, 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)  
New measure to benefit tax dodgers
OTE planning to hire up to 500 employees
ENFIA to drop up to 30 pct this year
Drachma clause demands are a deja-vu for hoteliers
Athens, creditors offer conflicting views on negotiations
Prime Minister Alexis Tsipras said Wednesday that a deal with creditors was “close” and government officials said an agreement was being drafted but representatives of the country’s creditor...
Opposition presses PM over deal with lenders
Opposition parties urged Prime Minister Alexis Tsipras on Wednesday to seal an agreement with Greece’s lenders as soon as possible but also to inform them of what it plans to agree to. “What...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panathinaikos conquers PAOK through Tavlaridis goal
2. New measure to benefit tax dodgers
3. OTE planning to hire up to 500 employees
4. ENFIA to drop up to 30 pct this year
5. Drachma clause demands are a deja-vu for hoteliers
6. ECB tells Athens to reach a deal
more news
Today
This Week
1. Some 300 mln left banks on Tuesday
2. Romantic notions meet reality
3. Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
4. The G-7's problem: Can the world deal with a Greek default?
5. Solving the Gordian Knot
6. FYROM PM blames Greece for name impasse
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Merkel said to plan address for Greece if deal reached
6. Gov’t proposes bank transaction levy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.