European debt crisis

Staikouras to discuss IMF loan repayment, gov't plan at Eurogroup

Greece's Finance Minister Christos Staikouras will discuss a request for an early repayment of part of the country's outstanding loans to the International Monetary Fund (IMF) during Friday's Eurogroup meeting in Helsinki.
Athens is keen to repay the IMF loan which is more expensive than the yields Greece currently pays in the markets on its bonds.

Eurozone neutral to positive toward Greek plan for early IMF repayment

Senior eurozone officials were neutral to positive this week to a plan presented by their Greek peer for Athens to repay earlier some of its costly loans from the International Monetary Fund, a senior EU official said on Friday.
Greece, cut off from the markets during the sovereign debt crisis of 2010-2015, borrowed heavily from the IMF and eurozone governments.

Borrowing rates remain at high levels

The cost of money is refusing to drop at any significant pace in Greece as borrowing remains stubbornly high for local enterprises and households in the face of low interest rates in the eurozone.

Small and medium-sized enterprises and the few households that are able to secure bank credit are burdened with rates that are twice the eurozone average.

Government aims to fast-forward reforms; talks with creditors to be tough

First, the good news: The government is on a mission to brief our eurozone partners, the other European Union members and our creditors on its plans to boost growth and its intentions to fast-forward long-stagnant reforms by cutting back on excessive spending and pushing privatizations, and then, and only then, present its demands.

Moody’s calls for reform implementation to boost Greek growth

Greece's credit profile is constrained by the country's elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government's implementation of reforms agreed with lenders would bolster growth.

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