“Governing Greece only chance to pay the IMF” – Dagens Industri

Updated 2015-06-22 21:55. Published 2015-06-22 21:54

“If a deal made with Greece gets the money found in other pockets, which can be paid out at short notice, “said a source.

Greece claims that Treasury did not have the money for IMF payment.

To something any financial aid to be paid only required a deal between the Greek government and the eurozone countries, as sanctioned by the IMF, the European Commission and the ECB. A settlement can at the earliest be reached by the end of the week.

If this happens are 7.2 billion remaining in the euro countries and the IMF rescue programs. But for a tranche of funds is also required approval of the settlement from the Greek Parliament, several euro area countries’ parliaments of the IMF Board. It is expected to take at least a week.

Left in the euro countries temporary rescue fund EFSF is also € 10.9 billion earmarked for the recapitalization of Greek banks, but which have not been used. But even for this money requires a similar procedure in Greece and other euro countries.

Therefore, Greece only alternative in practice now that the European Central Bank – after an agreement – agrees to transfer the profits that the ECB has done during the euro crisis on the support purchases of Greek government bonds.

The amount of the ECB amounts to 1.85 billion euros. Thus, it would mean that Greece is unable to pay the IMF.