Saturday, August 15, 2015

Lagarde asks eurozone again to cancel Greek debt – z24

The American system of central banks, the Federal Reserve probably increases Mid this year the interest that predicted Christine Lagarde, the managing director of the International Monetary Fund (IMF), Thursday at the World Economic Forum in Davos, Switzerland, & quot;.. Our expectation is that the rate hike is earlier middle of this year than at the end of the year. The fact that the Fed will raise interest rates in itself is good news. It shows that things in the right direction to go & quot ;, said Lagarde. Most economists also expect the Fed sometime mid this year's rate increase. That state since the end of 2008 at the historically low level of 0 to 0.25 percent. The minutes of the latest policy meeting of the Fed was to make that a possible increase in the interest rate for April of this year will not take place. Earlier, the central bankers hinted that it would be patient with a rate increase, partly so as not to stifle the economic recovery.

Christine Lagarde, managing director of the International Monetary Fund EPA Photo

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Christine Lagarde of the International Monetary Fund (IMF) asked the euro nations again to cancel Greece’s debts. According to a statement by Lagarde following the agreement on a new bailout package for Greece.

<- Z24 / economics / rectangle ->

On Friday, finance ministers of the eurozone agreed on an aid package of 86 billion euro. Lagarde says to be happy with this agreement, but stressed that the Greek debt is unsustainable. The Greeks are not able to be financially sound on its own, thinks Lagarde, and therefore debt relief needed.

The IMF asked earlier for remission of Greek debt, but the euro countries do not want to know it . Jeroen Dijsselbloem stressed Friday evening that no debt will be waived.

In October, the IMF decides whether it will participate in the aid program. Then it becomes clear whether the fund will contribute 16 billion euros

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