IMF sees no need for fiscal measures in 2014

The International Monetary Fund insists that Greece’s debt needs to be restructured and is waiting for the issue to be discussed this fall in the context of the Greek economy’s next assessment, a spokesman confirmed on Thursday.

In a press article IMF officials state that “if Greece fulfills its program commitments, its eurozone peers have agreed to as much additional lightening of the debt as is necessary, so that they contribute to the reduction of the Greek debt to 124 percent of the gross domestic product by 2020, and considerably below 110 percent of GDP by 2022.

As Greece has achieved a primary fiscal surplus, the IMF expects that these issues will be discussed with the Europeans in the context of the sixth assessment in mid-September,” and “with an intention as always to have an agreement as soon as possible.”