BUSINESS

Germany welcomes Greece's IMF loan payment

Germany on Friday welcomed a 459-million-euro loan payment by Greece to the IMF as a good sign and noted progress in talks between Athens and its creditors.

"Of course it's an important sign that Greece is willing and in the position to comply with its commitments,» the deputy spokeswoman for the German government told reporters.

Cash-strapped Greece made the scheduled loan payment to the International Monetary Fund on Thursday after days of uncertainty.

It is racing to try to persuade the EU and IMF to continue lending it money while easing austerity requirements in order to boost economic growth.

A German finance ministry spokeswoman said there had been «progress» in the negotiations between Athens and its creditors, the IMF, European Commission and European Central Bank.

But she added that there was also still no agreed «reform list» of undertakings by Greece and there remained «considerable negotiating work» to be done.

[AFP]

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