"On 20 July, we will be paid," as would the IMF, Mr Draghi told a news conference, referring to the deadline for Greece to pay back around €4.2 billion in loans from the ECB.
However, he conceded that doubts remain about the willingness and capacity of the Greek government to push through the economic reforms demanded by creditors.
"No matter whom you talk to, there are questions about implementation will and capacity," Mr Draghi said, adding that it was up to Athens to assuage such doubts.
He also said it was "uncontroversial" that some form of debt relief for Greece - whose debts amount to 180% of economic output - was "necessary"....rte.ie
In another development, the European Central Bank agreed to increase emergency funding to Greece for the first time since it was frozen in June.....At a news conference on Thursday, ECB President Mario Draghi said emergency funding - ELA - to Greek banks was being raised by €900m over one week............BBC
6/7/15
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The European Central Bank has thrown a financial lifeline to Greece, agreeing to raise the cap on emergency funding for the country's banks by $980 million, after Athens approved reforms demanded by the Europe Union...
ReplyDeleteEuropean Central Bank President Mario Draghi made the announcement on Thursday at a news conference in Frankfurt, Germany.
Greece is also on track to receive a $7-bn loan, after Eurozone finance ministers announced to keep the country afloat until a third bailout comes into effect.
"The Eurogroup welcomes the adoption by the Greek Parliament of all the commitments specified in the Euro Summit statement of 12 July," the Eurogroup of the eurozone's 19 finance ministers said in a statement after a conference call on Thursday.
The ministers also announced that they had made the decision to start discussions on a three-year bailout of Greece from Europe's bailout fund, the European Stability Mechanism..............aljazeera.com
La Grèce rembourse le FMI et sort du défaut de paiement...
ReplyDeleteLe FMI a annoncé, lundi, que la Grèce lui avait remboursé une dette d'environ 2 milliards d'euros. Athènes n'est ainsi plus en défaut de paiement, mais doit encore rembourser 5 milliards d'euros à ses créanciers avant le 30 août.
Le chèque est signé et le FMI remboursé. La Grèce a versé, lundi 20 juillet, un peu plus de 2 milliards d'euros qu'elle devait au Fonds monétaire international, a annoncé l'institution dirigée par Christine Lagarde.
Athènes n'est ainsi plus en situation de défaut de paiement. L'État en difficulté financière n'avait pas pu rembourser, mardi 30 juin, 1,6 milliard d'euros au FMI. Il était devenu, à cette occasion, le premier pays industrialisé à rater un délai de paiement.
La Grèce avait ensuite également dû faire l'impasse, le 13 juillet, sur le remboursement de 457 millions d'euros à ce même créancier...............france24.com
Greece repaid the European Central Bank today the bank said, clearing a key obligation worth about €4.2bn with one of its top lenders, after receiving temporary funding while it negotiates a bigger bailout deal...
DeleteThe €3.5bn bond and €700m interest payment to the ECB was crucial.
Without it, the bank could have been forced to end emergency liquidity assistance to Greek banks if the government defaulted on its bond payment............http://www.rte.ie/news/2015/0720/715932-greece/