Greek bailout program may be extended beyond August

Posted by Christian J. Hadjipateras 19/04/2018 1 Comment(s) Economia Blog,

The possibility of the Greek bailout program being extended beyond August has increased, according to the German daily newspaper Sueddeutsche Zeitung. Greece’s creditors are considering the option to give the Greek government more time to implement several reforms.

 

The International Monetary Fund will also have to definitively decide whether it will participate in the program, which will depend on the easing of Greece’s debt that the Europeans will decide on. The IMF has long been calling for further debt relief for Greece.

 

However, Greek prime minister Alexis Tsipras wants the completion of the program to remain as it is, citing “a return to freedom”, but creditors believe that Greece should accept the possible option of more time to carry out its commitments.

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