That says director Poul Thomsen of the European Division of the International Monetary Fund (IMF) on Friday in Washington.
Greece’s been months devoid of emergency loans needed to prevent the country from going bankrupt . For the next part of previously promised loans from the eurozone and get the IMF, the Greek government needs to pursue reform and spending cuts. Agreement in this area, however, is still far away.
At what point is Greece the money, is not to say according to Thomsen. ” But we see that the repayment obligations in June, July and August up hard. It is clear that it is important to have a comprehensive agreement before then, so resources can be made available. ”
German Finance Minister
The German finance minister Wolfgang Schaeuble said earlier in the day in Washington that no solution can be expected at the meeting of the eurogroup next week in Riga. ” There must be particular progress are discussed, ” Thomsen added. ” It is important to take the next few days steps to improve the momentum. ”
The ongoing uncertainty surrounding Greece draws heavily on the already fragile Greek economy. The IMF held this week by its forecast that growing this year by 2.5 percent and 3.7 percent next year progresses. But that is mainly because it is impossible to make a reliable new prediction.
Unrealistic
” That forecast is unrealistic and must be reduced, ” Thomsen said. ” We anticipate at least not that Greece will be one of the fastest growth rates in the euro zone. ”
Earlier on Friday, it was reported that countries in southeastern Europe are preparing for a possible bankruptcy of Greece .
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