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> Economy

New summit in mid-November for the issue of Greek debt in Washington

According to information representatives of the International Monetary Fund and European creditors will be present - IMF insists on the cuts scenario

Newsroom September 4 09:17

Representatives of the International Monetary Fund and European creditors will take part at the new summit, in order to discuss the issue of the Greek debt, which the IMF insists that is not viable.

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According to the IMF the Greek debt is way too big and the European partners will have to keep their promise for its relief, as Athens managed to achieve a primary surplus.
Foreign analysts estimate that the most predominant scenario is for the European creditors to agree a further interest rate reduction as well as a longer period for the rescue loans.

The issue of the Greek debt is expected to be at the center of talks of the IMF’S and the global bank annual general meeting which will take place between the 10-12 of October in Washington.
November’s summit is characterized to be an open meeting, in which every side will testify its views. All the Greek issues will be discussed but the main priority will be the approval of a deal for the debt as well as for the red loan issue.

 

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