Director of the International Monetary Fund, Christine Lagarde, the Fund proposed to contribute to the rescue of Greece 28 billion euros. It is about 5 billion more than he intended to fund. The remaining 102 billion rescue package from the other should give the euro area. IMF loan will discuss on Thursday.
IMF loan should be divided into installments for four years. The second rescue package on Friday allowing Aténám draw of eurozone finance ministers. They decided yet on the release of 35 billion, the rest still decide (read more here).
Eurogroup chief Jean-Claude Juncker urged the IMF to give a second rescue package "significant contribution". Lagarde evening then proposed that fund managers were 28 billion euros to help (689 billion CZK), which is five billion more than originally intended to fund.
Greece, the IMF approved in 2010 using 30 billion euros, of which one third has yet to be paid. According to AFP, it is to be transferred to the remaining amount of new loans. Lagarde suggests that the loan was spread over four years and was payable within ten years. Loan of 2010 allowed for the period until maturity of 2013 and 2015.
Greece according to the area meets the requirement for a second bailout package, because the exchange of its bonds registered enough private lenders. Greek Ministry of Finance said that the exchange of 85.8 percent registered owners of bonds governed by Greek law.
IMF loan should be divided into installments for four years. The second rescue package on Friday allowing Aténám draw of eurozone finance ministers. They decided yet on the release of 35 billion, the rest still decide (read more here).
Eurogroup chief Jean-Claude Juncker urged the IMF to give a second rescue package "significant contribution". Lagarde evening then proposed that fund managers were 28 billion euros to help (689 billion CZK), which is five billion more than originally intended to fund.
Greece, the IMF approved in 2010 using 30 billion euros, of which one third has yet to be paid. According to AFP, it is to be transferred to the remaining amount of new loans. Lagarde suggests that the loan was spread over four years and was payable within ten years. Loan of 2010 allowed for the period until maturity of 2013 and 2015.
Greece according to the area meets the requirement for a second bailout package, because the exchange of its bonds registered enough private lenders. Greek Ministry of Finance said that the exchange of 85.8 percent registered owners of bonds governed by Greek law.
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