Greece can write off part of the debt – Moskovsky Komsomolets

The head of the IMF is confident that Athens will not cope with debts themselves

Yesterday, at 19:24, Views: 7737

After Eurogroup approved the third package of financial aid to Greece, the International Monetary Fund (IMF) urged ministers of the eurozone Member States to write off some debts Athens. So, the head of the IMF Christine Lagarde welcomed the agreements reached, but warned that Greece will not be able to cope with the debt and that the country needs further support.

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«Greece can not repay debts only by their own actions” – quoted by BBC BBC Lagarde said. Reportedly, the euro zone finance ministers could discuss the possibility of writing off part of the debt of Greece this autumn. However, such measures against Germany strongly advocates. In an interview with Deutsche Welle German Finance Minister Wolfgang Schaeuble said: “We have made it clear: according to European law debt forgiveness is impossible. But there is still some room for further delay. However, this space is not very big ».

At the same time, Schaeuble said that Greece rethink how best to deal with the crisis. “Vposlednee weeks significant progress was made, – the minister said. – Within the framework of the difficult discussions that were needed in July, we obviously have that in Greece understand: you can not continue to do so, as it was in recent months. ” The head of the Ministry of Finance is confident that the Greek government should do the opposite of what they promised before the election. According to Schäuble, the Greek Prime Minister Alexis Tsipras realized that if Greece wants to stay in the eurozone, it is necessary to make extraordinary efforts.

Earlier, the Eurogroup approved the allocation of money in Greece in exchange for numerous commitments to reform. Recall that the signed 11 August contract consists of two parts. In the first Athens declare their readiness to comply with the Memorandum of Understanding, which lists the austerity measures for a period of three years. In exchange, Greece received 85 billion euros (25 of them – for the banking sector). In the second part of the conclusion of the contract are the so-called preliminary actions that should make Greece to the third package of financial assistance has come into force. It clarifies the Deutsche Welle, the Greek authorities need to make 38 steps, including tax and pension reforms, market liberalization measures as well as the formation of the privatization fund.

Alignment aid package in the Greek Parliament was not easy: Tsipras had to face serious discontent in the ranks of his own party. More 40parlamentariev who are members of his party SYRIZA, voted against the agreement with the European creditors. And the heated debate in parliament accompanied by protests on the streets: Syntagma Square in Athens, came hundreds of people who are unhappy with austerity measures. Authorities have repeatedly drawn attention to the fact that the proposed reforms will hit the wealthy people, companies and farms, but many Greeks believe that the victims of “belt-tightening” still become civil servants, state employees and young people.