Tuesday Jan 27, 2015 Search
Weather | Athens
13o C
7o 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)  
Europe stocks fall from seven-year high; Greek bonds drop
Greek uncertainty weighs on low-rated eurozone bonds
Consumer confidence in decline in Q4
Euro slide fuels hope of tourism growth
Death count rises to 11 in military jet crash at Spanish base
The death toll from the crash of a Greek F-16 at a Spanish military base during an elite NATO pilot training program rose to 11 Tuesday after one of the French airmen who suffered serious bu...
Three days of mourning declared over death of two Greek pilots in Spain
The Greek armed forces will observe three days of mourning following the death on Monday of two Hellenic Air Force pilots whose F-16 fighter jet crashed during NATO-led exercises in southeas...
Inside News
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
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...
Inside Sports
COMMENTARY
Greece, where everyone´s a winner
Whether a tradition or simply a bad habit, we have trouble finding a loser in any electoral race, a party leader who will openly concede defeat without trying to mitigate it with excuses. Th...
EDITORIAL
Political faux pas
Democracies have rules and institutions that must be respected and served by all who represent them. Most people can appreciate that politicians who have worked hard for the past two-and-a-h...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Death count rises to 11 in military jet crash at Spanish base
2. Europe stocks fall from seven-year high; Greek bonds drop
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Greek uncertainty weighs on low-rated eurozone bonds
5. Greek Elections 2015: Forming a government, Part 1 | LIVE
6. Basket League favorites survive challenges on the road
more news
Today
This Week
1. Greek Elections 2015: Forming a government, Part 1 | LIVE
2. Greece, where everyone's a winner
3. Three days of mourning declared over death of two Greek pilots in Spain
4. Political faux pas
5. Greek uncertainty weighs on low-rated eurozone bonds
6. Europe stocks fall from seven-year high; Greek bonds drop
Today
This Week
1. Greek Elections 2015 | LIVE
2. Greek Elections 2015 | LIVE
3. SYRIZA heads for historic victory but without majority
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. QE exclusion a ‘de facto Grexit’
6. Unsupervised voting
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.