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IMF urges donor countries to the Greek debt relief

The International Monetary Fund (IMF) is behind the scenes to put increasing pressure on countries to aid Greece. The goal is to further the Greek debt relief, let it stand up again. , IMF and even threatened that, if donor countries do not Greek debt relief, it will be unilaterally suspended the payment of assistance payments. Greece has been exempt from the 100 billion euros of debt --- but this measure did not last long.
 
Now the IMF would like to see the "big". Agreed goals and be overwhelmed by the debt of the Greek original debt to the equivalent of 120 percent of the gross domestic product (GDP) in 2020. The goal of this case of further debt relief.
 
IMF move probably will not arouse the goodwill of donor countries. Only Germany had assistance to Greece ? 127 billion. Austria's contribution is about one tenth of the German.
 
IMF on a number of recommendations to further Greek debt relief, but have been to Germany refused. The smallest one of the recommendations of the debt relief aid loan interest rates continued to fall. Calculated at current levels, the interest to be repaid in Greece to 2014 amounted to 39 billion euros. Another suggestion was that the assistance of their own commitment to aid the loss of Greece. In view of Germany and Austria in 2013 elections will be held for Berlin and Vienna is probably not an attractive option. The third proposal is that the Greek government bonds held by the ECB and national central bank will write-down of 30%. The problem is that the last Greek debt relief, the European Central Bank is playing a legal "wrist", do anything.
 
People do not know, the IMF will participate in the implementation of the recommendations. The organization's lending to the Greek "preferred creditor" status, allowing it to participate in debt relief.



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