Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
Focus shifts to DSA, fiscal targets after IMF loan prepayment
Despite differing views IMF and EC see no immediate debt sustainability concerns
Brussels gives Athens thumbs-up for reforms and budget
IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
The Greek government is hoping to get the all-clear from the European Stability Mechanism (ESM) on Monday to make a loan pre-payment to the International Monetary Fund, a move which Athens hopes will boost its chances of convincing its creditors to lower its fiscal targets for the coming years.
The ESM/EFSF board of governors is expected to agree to Greece’s request to prepay the expensive part of the loan it has received from the IMF, which carries an interest rate of 4.9 percent. The move will save Athens 33.07 million euros in debt servicin...
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