Can become the fourth Greek bailout – Göteborgs-Posten

Economy It is not out of the question for a fourth programme of support to Greece with the new emergency loans and demands for reform, according to EU commissioner Pierre Moscovici. At the same time hesitant to the IMF about their participation in the third program.

It has been almost seven years since Greece was struck out from the capital market. And now lashed it on a fourth support programmes, which would take up where the third expires in 2018.

Discuss everything

It can not be excluded, but no concrete discussion of such nödlånspaket, however, has not been, according to Moscovici.

- After 2018, we will not have any program, and things can happen. We will discuss all of this, ” he says in connection with a visit in Athens.

the Greek government, with prime minister Alexis Tsipras, at the same time press in order to get an agreement on debt relief and the go-ahead from the ECB purchases of Greek sovereign debt.

It would be a welcome reward for Tsipras, not least in its internal policy with an opposition demanding new elections.

Tsipras’s coalition government, on the basis of the lenders ‘ requirements had to squeeze through a series of unpopular reforms, privatizations and austerity measures since the country’s third aid programme was completed by the summer of 2015.

not allowed

A fourth programme of support with the new loan terms are Announced, however, not interested in, according to Dimitris Tzanakopoulos, a spokesman for the government.

- Requirements on the measures after 2018 may not be accepted by the government, he says, according to the Greek news agency ANA-MPA.

Greece has big problems to cope with the budgetary objective of a surplus of 3.5 per cent, if you count the deleted mortgage payments and interest rates. This requirement is in the third programme conditions and has been labelled as unrealistic by the IMF’s economists.

the Issue is hot ahead of a finance ministers meeting in Brussels on 5 december, where Greece hopes to get its crisis policy approved.

Germany and the Netherlands, a leading role in the negotiations with Greece, has since the third programme was completed last year, provided that the IMF is also involved. The IMF has indicated that it will take a position on this issue before the end of the year 2016, but that it requires a long-term sustainable package of measures, with a reduction of debt and realistic targets.

Facts: the Greek economy is going better than expected

Greece’s economy grew for the second quarter in a row during the third quarter of the year. And the growth was slightly higher than expected.

The wounded economy grew by 0.8 per cent during the period July–september compared with the quarter before. It can be compared with 0.4 per cent in the second quarter, according to the Greek statistical agency Elstat.

In a preliminary estimate earlier in november skattades Greece’s growth in the third quarter to 0.5 per cent.

the EU commission and Greece’s central bank expects a Greek growth for the full year of 0.3 per cent.

The Greek economy has, however, after seven years of more or less acute crisis, major challenges, with persistent deficits and an unemployment rate of almost 24 per cent

Source: Reuters