Greece
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Gerry Rice

IMF to Greece: Implement Agreed-Upon Cuts

The necessity of the implementation of cuts already agreed to by the Greek government, including pension cuts and the lowering of the tax-free income threshold, was reiterated by the International Monetary Fund’s spokesperson in Washington. Gerry Rice said that it...

IMF Insists on Greece Debt Relief Measures

International Monetary Fund spokesman Gerry Rice expressed the Fund's willingness to work with Greece's European partners for a solution that will credibly reduce the country's debt, and lead it to a viable recovery. During a regular briefing in Washington, DC,...

Progress Made in Talks With Greece; Many Differences Remain, Says IMF Spox

Progress has been made on some important issues discussed between Greece and its creditors as part of the country’s second program review but many differences remain, IMF spokesman Gerry Rice said at a regular press briefing on Thursday. “There has...

IMF Asks for Lower Tax-Free Threshold and Pensions

The International Monetary Fund (IMF) wants Greece to legislate a lower tax-free threshold and pensions which would be implemented in the “near future” and after the economy has started recovering, its spokesman Gerry Rice said at a regular press...

IMF Not Asking for Additional Austerity in Greece, Spokesman Gerry Rice Says

The International Monetary Fund (IMF) welcomes the adoption of short-term measures for Greece's debt but these may not be enough to make the Greek debt sustainable in the medium- and long-term, IMF spokesman Gerry Rice said during the regular...

IMF Links Required Reforms to Greek Debt Easing, New Bailout Program Might be Needed

International Monetary Fund Spokesman Gerry Rice said on Thursday that the issue of Greek debt relief is linked to the implementation of required reforms in Greece. Rice spoke in a press conference saying that the IMF welcomes the euro zone’s...

IMF Denies Reports That it Would Play Special Advisory Role in Greek Bailout

Gerry Rice, Head of the International Monetary Fund's (IMF) Communication Office, denied a report by Reuters stating that the IMF would hold a special advisory role in Greece's bailout. The report cited two IMF sources pointing to a new...

IMF: Greece Is a Special Case Regarding its Rescue Program

The failure of the Greek bailout program was due to a variety of factors, said International Monetary Fund Communications Director Gerry Rice on Thursday. Comparing the success of the rescue programs in Ireland, Portugal, Cyprus and Latvia, to Greece's bailout...

IMF Concerned Over Marinopoulos Supermarket Chain's Problems

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

IMF Persists in Greek Debt Restructuring in Order to Move on With Rescue Plan

After calling the Greek government to approve controversial budget cuts and financial overhauls, the International Monetary Fund (IMF) made a strong reappearance, this time putting pressure on Eurozone's leadership, asking for a detailed debt restructuring plan for Greece in order to move...