Der Speigel: IMF Participation in Greek Bailout Probable Near 5 Billion

Friday, February 17th, 2017
Last Update: 20:27

The IMF will participate in the third package for Greece in the amount of five billion euros, Der Speigel magazine reported on Friday.

Initially, in the summer of 2015, it was decided that the amount to be released in the third package would be closer to 16 billion euros. Last week after a prolonged dispute with the Europeans, the IMF is likely to actively participate in the program in exchange for achieving a primary surplus of 3.5%. Originally the Fund rejected the participation in the 86 billion euro program, as it considered a surplus of 1.5% to be more realistic.

Creditors are hoping that there will be rapid agreement and acceptance of the terms by Athens, given that the elections in the Netherlands and France might, depending on the outcome, hinder the continuation of the program, says the German magazine.

See Also:

Thank you for contacting Greece.com.

Thank you for your enquiry to Greece.com Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Greece.com Business page, CLICK HERE to create a Greece.com Account