Saturday, July 25, 2015

Greece requested further financial assistance from the IMF – The World

Alexis Tsipras at the Greek Parliament on 23 July.

The Greek finance minister, Euclid Tsakalotos, officially requested assistance from the International Monetary Fund (IMF), in a letter released Friday, July 24, tweeted particular by a journalist AP agency.

The Greek government dominated by the radical left Syriza party wanted to happen in any new IMF aid plan, considered too strong supporter of rigor, but he had to back to Germany in particular. Folding a request on July 13 at a summit high voltage by other States of the euro zone, Mr. Tsakalotos thus written in his letter to the director of the IMF: “We want to inform you that we ask for new credit. “

Read: Greece: Athens expected creditors, the IMF loan

Formally, using Greece runs the Fund yet until spring 2016, and a new application was not necessary. The letter from Mr Tsakalotos that reminds that Greece is “committed to implementing a number of policies” to support its public finances and to restore growth, thus appears mainly as a gesture of political goodwill. The letter was published while the process of negotiating a third plane seemed to help curb Friday.

So that Athens has already approved several steps, including two votes on the reforms that cost part of its parliamentary majority to the Prime Minister, Alexis Tsipras, blur remained on arrival in the country of senior officials from the European Commission, the European Central Bank and the IMF. The team assessing the Greek economy and the reforms, which had not set foot for nearly a year in Greece due to a growing hostility towards this “troika”, is expected in the coming days.

The challenge of this new round of meetings is finalized, by 20 August at the latest, the third aid package which the principle was accepted in pain July 13 . Greece, whose coffers are empty, must repay more than 3 billion euros to the ECB on August 20, then 1.5 billion to the IMF in September

Read also.: What new reforms required by creditors in Greece?

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