Greece, the IMF loan expires on Varoufakis fly from Christine Lagarde – BBC

FINANCING FROM 450 million

Milan , April 4, 2015 – 16:54

     
     
 

A handful of days, including holidays, now separates Athens increasingly short of liquidity from the repayment to the International Monetary Fund for a loan of 450 million euro which comes due Thursday, April 9th. Silent Premier Alex Tsipras after entrusting “government sources” assurances of compliance with commitments. It flies to Washington on Easter Sunday Economy Minister Yanis Varoufakis to meet the number one Fund, Christine Lagarde. The two had left between handshakes and smiles in favor of flash last February 11 at the Brussels summit on the Greek crisis. The unexpected meeting at Easter, reports Reuters, is described in Athens as “an informal conversation to make a point on the floor greek reforms”

The government made it known to be confident of being able to cope at all its financial obligations due to expire next week, from pensions and salaries of public employees. “All that has to be paid next week it will be,” said a source at the international agencies of the executive. A framework confirmed by the deputy of Varoufakis, Dimitris Mardas, an n ‘interview with Mega TV, quoted by Bloomberg. Besides the IMF loan, we have to pay pensions and salaries of public employees. And there is a tranche of 250 million euro of interest due later this month, in addition to the refinancing of the securities that will mature on 13 and 17 April next to a total of 2.4 billion euro.

The assurances are not enough, however, to lower the volume on the possible exit of Greece from the euro. “There is great hypocrisy towards Athens and this is dramatic,” came back to say the French economist Thomas Piketty at the Belgian newspaper “L’Echo.” “It is obvious that the Greek tax system should be improved – said – but on the other hand, the French and German banks are happy to receive deposits of Greeks richer, without providing any details to the authorities in Athens. For the author of “Capital of the twentieth century”, the farewell of Greece to the euro would be “the beginning of the final defeat for Europe”

April 4, 2015 | 16:54

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