Greece debt, repaid the first tranche of 200 million euro to the IMF – BBC

ATHENS AND INTERNATIONAL AID

Milan , May 6, 2015 – 10:22

Online Editor

     
     
 

Greece repaid 200 million euro to the IMF due Wednesday. This was confirmed to Reuters by a Greek official aware of the affair. “It’s done, the money started,” said the official who asked not to be named. Athens, short of cash, is trying to persuade its European partners and the IMF to grant additional aid. This first payment was not seen as a problem for the country unlike tranche of 750 million euro maturing on May 12.

Spread uphill

Meanwhile continues to climb the BTP-Bund spread, traveling – after the opening of the stock – to 137.53 basis points, but touched a high of 142.34 basis points, with the performance of our stocks has nearly 2% and now travels to 1.91% (the highest since the end of December) under a German bond rate to 0 , 5428%. The tension on Greece rises again because, despite the multiplication of meetings between the Minister of Finance greek Yanis Varoufakis with colleagues EU – Wednesday is also in Rome by Padoan – blurs the possibility of an agreement to the Eurogroup on Monday.

The tour Varoufakis

greek Tuesday the finance minister was in Paris and Brussels, where Commissioner Pierre Moscovici spoke of” significant progress “but has also insisted on the need for substantial reforms. And in Frankfurt Vice Premier greek Yanis Dragasakis saw ECB President Mario Draghi, on the eve of a euro-board that will have to decide whether to grant further emergency liquidity (ELA) to Greek banks. The premier greek Alexis Tsipras then telephoned German Chancellor Angela Merkel, while his Minister Wolfgang Schaeuble – who called closed the issue of war reparations, dear Athens – reiterated skepticism about the possibility of a Euro-agreement shortly. Without clearly that cut the debt that the IMF, despite a thousand distinctions, not exclude. Meanwhile approaching the Eurogroup on Monday. In this uncertainty continues, the situation of the Greek economy was again “deteriorated”, it warned the EU Commission, with growth forecast down from 2.5% to 0.5%. Not by chance it’s a warning the White House, so it is “in the interest of the world economy that the Eurozone remains intact” and that the Greek crisis will be resolved “in a way that does not inflict further drama to the economy international. ”

May 6, 2015 | 10:22

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