Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
IMF asks eurozone to contemplate a new Greek haircut

By Sotiris Nikas

The International Monetary Fund sent a clear message on Monday in its report on the global economy that Greece’s debt requires a new restructuring in order to become sustainable.

The IMF has revised its estimate for the country’s public debt for 2013 from 160.9 percent of gross domestic product as stated in its April report to 181.8 percent now, and does not expect a primary surplus in Greece before 2014, while the draft budget provides for a primary surplus next year. The Fund adds that the economy will contract by 4 percent next year while Greece’s funding needs will remain over 30 billion euros even in 2014.

The report is in line with the statement by IMF executive board member Menno Snel on Monday. He said that eurozone countries will have to contemplate the restructuring of the Greek debt they hold if the country’s weight is deemed unsustainable. “A contribution from governments will then certainly be a topic of discussion,” he told Dutch paper Het Financieele Dagblad.

ekathimerini.com , Monday October 8, 2012 (22:23)  
Arrivals show increase in January-June 2014 period
TBEX brings together 800 travel bloggers in Athens
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Cyprus president to sit out EU summit due to high blood pressure
Cyprus President Nicos Anastasiades was admitted to a hospital in Brussels on Thursday morning following repeated nosebleeds caused by high blood pressure. He was discharged a few hours late...
Strong winds hamper sea travel
Winds reching 7 and 8 Beaufort led to disruptions in Saronic Gulf sea travel services from and to Piraeus, the Greek coast guard said on Thursday morning. Services were also disrupted on the...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Arrivals show increase in January-June 2014 period
2. Cyprus president to sit out EU summit due to high blood pressure
3. Strong winds hamper sea travel
4. TBEX brings together 800 travel bloggers in Athens
5. Roberto´s heroics make Kasami´s goal count
6. Athens weighs its LNG and CNG options
more news
Today
This Week
1. TBEX brings together 800 travel bloggers in Athens
2. Strong winds hamper sea travel
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.