Wednesday, July 15, 2015

France offered to ease the debt burden of Greece – Interfax

Moscow. July 15. INTERFAX.RU – The French government is aware of the need for greater ease the debt burden of Greece and in solidarity with the International Monetary Fund, said the Finance Minister in an interview Michel Sapen BFM TV .

“The IMF says the same thing we are. We can not help Greece, if you keep pressing on its economy, the debt burden,” – the minister said.

At the same time, he noted, that, as he understood it called for the IMF to ease the burden, rather than direct write-off of principal.

The IMF has analyzed the financial situation of Greece and came to the conclusion that the debt situation is highly unstable, and it puts questioned the possibility of the successful implementation of the agreements reached Athens on Monday with the European Union.

Greece, according to published on the website of the IMF analysis of the financial situation of the country’s needs until the end of 2018 to 85 billion euros of aid, with its the debt for two years could reach 200% of GDP (compared to the current about 175% of GDP).

In this situation, action is needed to alleviate the debt burden of the country, which “goes further than Europe has so far been willing to consider “the document says.

In particular, the IMF experts believe that in order to facilitate debt of Greece may require a dramatic extension of the repayment period on the order of 30 years, or an increase in assistance to the country’s budget, or a massive write-down of principal Debt

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