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5 May 2015
IMF sharpens its tone on Greece – Danske
FXStreet (Barcelona) - Senior Analyst at Danske Bank, Pernille Bomholdt Nielsen, comments that the IMF has sharpened its tone on Greece as it might hold back its portion of the bailout tranche needed by Greece.
Key Quotes
“The IMF sharpens its tone on Greece as it may hold back its portion of the EUR7.2bn tranche that Greece needs in order to avoid bankruptcy. Half of the tranche should come from the IMF but may be held back without a debt write-off.”
“According to the IMF Greece is on track to run a large primary budget deficit, implying the debt would start to rise without further austerity measures or debt relief.”
“Both the Greek government and the euro-area creditors are likely to be against further debt relief.”
Key Quotes
“The IMF sharpens its tone on Greece as it may hold back its portion of the EUR7.2bn tranche that Greece needs in order to avoid bankruptcy. Half of the tranche should come from the IMF but may be held back without a debt write-off.”
“According to the IMF Greece is on track to run a large primary budget deficit, implying the debt would start to rise without further austerity measures or debt relief.”
“Both the Greek government and the euro-area creditors are likely to be against further debt relief.”