Tag

Greek crises has many unanswered questions and silent reservations, where the bailout plan of €86 billion could still be scraped and further developments may experience criminal proceedings, regarding the former finance minister.

If the talks are not completed in time, European authorities may have to provide further temporary financing as they did with a July bridge loan, though Avgi said that possibility had not been discussed with lenders.

An IMF official said the Fund would approve new loans for Greece only if Athens reached a deal with European governments that would ensure it can pay its debts, and there was “no expectation” that talks over the next couple of weeks would get to the point where the...

The global Monetary Fund can not participate in another Greek bailout until Greece and its creditors make hard decisions on economic reforms and debt relief, a fund official said Thursday.

“This would have created a parallel banking system, which would have given us some breathing space, while the banks would have been shut due to the ECB’s aggressive policy”, Varoufakis was quoted as saying.

The senior official said Thursday that it was already understood that detailed plans for debt relief would not come for some months during the current first stage of developing the new plan.

On Monday, the Greek finance minister confirmed following the government council’s meeting on economic policy that the intense talks on technical issues will begin on Tuesday.

The third bailout for Greece that was agreed upon in the eurozone and euro summit agreements last week in Brussels- and approved by the Greek Parliament, call for €86 billion in new loans for Greece and assumes some of the financing from the worldwide Monetary Fund.

Prime Minister Alexis Tsipras suffered his second major mutiny in a week, with 36 Syriza MPs defying him to vote against the bill or abstain.

German Chancellor Angela Merkel ruled out “a classic haircut” – a markdown of Greece’s debts.