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debt relief

IMF Presses European Creditors for Greek Debt Relief Plan by Next Week

The International Monetary Fund is pressing Greece's European creditors to agree on a debt relief program as soon as next week to ensure that the fund has enough time to give money to the country. Poul Thomsen, the IMF director...

OECD Says Greek Debt Repayments Must be Made Sustainable

Greece's "remarkable reform effort of the past two years" needs to be supported by steps to make its debt repayments sustainable, the head of the OECD said on Monday. Speaking in Athens during a high-level visit to unveil the 35-nation...

Berlin Insists on Strict Conditions for Greek Debt Relief

Debt relief for Greece will only be provided under strict conditions if it happens at all, Germany's finance ministry has said. Earlier, German newspaper Handelsblatt reported that Berlin was opposed to granting debt relief without strict conditions. The financial newspaper...

Gap Between EU-IMF over Greek Debt Remains

The International Monetary Fund and the European Union continue to disagree on the Greek debt relief issue, as was shown during the IMF and World Bank spring meeting in Washington. According to a Kathimerini newspaper report, the two sides attended...

IMF: Greece Should Broaden Tax Base

Greece should consider broadening its tax base and possibly accelerate lowering the threshold for tax-free incomes for 2019 instead of 2020, said IMF Director for European Affairs Poul Thomsen on Friday. Speaking during the International Monetary Fund and World Bank...

EU's Centeno: Deal on Greek Debt Restructuring 'Close'

Greek debt relief is still in discussion between the European Union and the IMF, but Greece's creditors are not considering an extension of the bailout program. The talks are taking place during the IMF and World Bank Spring Meetings in...

Greek Debt-Relief Talks Shift to Washington

Brussels and Athens are now turning their attention to Washington, where critical discussions on Greek debt relief will be held on the sidelines of the IMF and World Bank spring meeting. According to Athens-Macedonian News Agency (AMNA)'s sources, the Europeans...

Greece Needs 'Post-Bailout Arrangement'

Greece will need a new arrangement with creditors after the end of the bailout program in August to make sure that reforms continue to be implemented, European Commissioner Pierre Moscovici has said. “We will need to agree a post-program arrangement that...

EU Official: Debt Relief Means Extended Supervision for Decades

"Whoever wants debt relief, extended for decades after the end of the program, must have tighter supervision," a high-ranking EU official warns Athens, according to  German newspaper Süddeutsche Zeitung. "The Brussels goal is to reach a political agreement on the...

German Optimism about Greece’s Reform Path

Germany’s finance minister Olaf Scholz expressed optimism that Greece will complete the necessary reforms which will open the road to debt relief. In his first major interview since assuming office, the center-left finance minister vowed to remain in dialogue with...