×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
08
Oct 2026
weather symbol
Athens 17°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

EuroGroup: Debt relief pushed back till after 2018

Debt relief tied to IMF participation in Greek program

Newsroom November 8 08:59

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

All parties agreed on the need for the second review of the Greek bailout program be completed by December during Monday’s EuroGroup meeting. Greece’s EU partners made placed a lot of pressure on the Greek delegation, making it clear that the country would have to pick up the pace of implementing all the necessary reforms, including matters like the labour market, social security benefits and the budget. The EU Finance Ministers left a window of hope open regarding the prospect of relaxing the primary surplus budget targets, however, it became apparent during the meeting that any decision on a debt relief would depend on the pace of the reforms. Greece’s lenders are only willing to discuss medium-term measures regarding debt relief, which would be divided upon subject to the stance the IMF would take on the matter. Both German Finance Minister Wolfgang Schauble and the head of the EuroGroup Jeroen Dijsselbloem pushed any decisions on a possible debt alleviation to as future time in 2018. According to circles close to the Greek Finance Ministry, the talks were held in a positive climate, adding that in December the second review of the Greek program will be completed and talks on the Greek dent will open. The European Commission (EC) hope to reach a “balanced solution” on the Greek matter. European Commissioner for Economic and Financial Affairs Pierre Moscovici said the Greek authorities had recorded progress on many fronts, adding that “a balanced solution had to be achieved for Greece”. Poul Thomsen, who sat in the meeting as head of the IMF’s European branch, conformed that he would be handing in a sustainability report in the Greek debt to the Fund’s board before any decisions were made as to whether it would continue to participate in the Greek program. Head of the European Stability Mechanism (ESM) Klaus Regling said the body would hold talks on examining the implementation of medium-term measures on the Greek debt during the December 5 EuroGroup meeting. It should be noted that the first package of alleviating the burden of the Greek debt was linked to intervening in the EFSF loan interest rates for the repurchase of 2012 debt.    

Ask me anything

Explore related questions

#bailout#debt#EuroGroup#greek#imf#program#relief
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

‘Europe should follow Greece’s example’ says Rubio, as US$4 billion in arms sales and energy alliance take centre stage

October 7, 2026

Greece and US vow closer cooperation as Prime Minister hosts Secretary of State at Maximos Mansion

October 7, 2026

Finance ministry fined another €20,000 over unfinished demolition of Coco-Mat hotel floors near the Acropolis

October 7, 2026

Mitsotakis at MED9: Europe must answer energy costs with joint initiatives

October 7, 2026

Kremlin says WHO was notified of Siberian plague institute death as US calls for greater openness

October 7, 2026

Houthis claim responsibility for new attacks on Riyadh airport

October 7, 2026

Rubio: We are grateful that Greece is a great ally – Iran can never acquire nuclear weapons

October 7, 2026

WHO seeks information from Russia on reports of second laboratory worker with pneumonia

October 7, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα