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5 May 2015
Will IMF stop supporting Greece? – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team comments on the key developments surrounding the Greece’s bailout deal.
Key Quotes
“The International Monetary Fund warned Greece’s Eurozone creditors that it is so far off course on its $172bn bailout programme, that it risks losing vital IMF support unless lenders write off significant amounts of its sovereign debt - which it sees as predictably unsustainable. This raised the prospect that the IMF would withhold some of the €7.2bn tranche that Greece is desperately seeking to secure in order to avoid bankruptcy.”
“With this in mind, Yanis Varoufakis is in Paris today try to make amends with the French finance minister, who was one of Greece’s last remaining supporters, has recently joined the criticism directed at the Greece approach to negotiations.”
Key Quotes
“The International Monetary Fund warned Greece’s Eurozone creditors that it is so far off course on its $172bn bailout programme, that it risks losing vital IMF support unless lenders write off significant amounts of its sovereign debt - which it sees as predictably unsustainable. This raised the prospect that the IMF would withhold some of the €7.2bn tranche that Greece is desperately seeking to secure in order to avoid bankruptcy.”
“With this in mind, Yanis Varoufakis is in Paris today try to make amends with the French finance minister, who was one of Greece’s last remaining supporters, has recently joined the criticism directed at the Greece approach to negotiations.”