Wed, 28 Jul 2021 Today's Paper

IMF deal on Greece ‘very positive’ for markets: EU’s Moscovici

22 July 2017 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

AFP:  The International Monetary Fund’s approval of a one-year US$1.8 billion loan for Greece was a “very positive signal for the markets,” the EU’s Commissioner for Economic and Monetary Affairs, Pierre Moscovici, told AFP yesterday. 


“The decision taken by the IMF is very good news. It’s another positive indicator of the return of confidence by Greece’s international partners. And it’s a very positive signal for the markets,” Moscovici said after a deal between the IMF and Greece was reached late Thursday. 


Under the terms of the deal, the IMF will not actually release any of the funds until the eurozone agrees on a debt relief plan, in what was seen as a highly unusual compromise step.

Moscovici said this would pave the way for more investments in Greece which would be good for its economy. 


The approval in principle means the loan “will become effective only after the Fund receives specific and credible assurances from Greece’s European partners to ensure debt sustainability, and provided that Greece’s economic program remains on track,” the IMF said in a statement.


Nevertheless, “the IMF’s participation opens the way to a future pay-out, certainly less than the Europeans, but welcome nonetheless and helpful for the Greek economy,” Moscovici added. The Commissioner is scheduled to go to Athens on July 25 for talks with Greek Prime Minister Alexis Tsipras and his finance minister, Euclid Tsakalotos.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of

Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr

Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even

“This govt. printed Rs. 880 billions”

This is the roadmap of Zimbabwe



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.