In suspense, the contribution of the IMF is tantamount to a third of the total volume of loans for the Greeks.
BRUSSELS, Belgium – The European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund already working in the details of the joint operation aimed at restoring the finances of Greece, in which there is only to clear the provision specifies that corresponds to the IMF.
Technicians of the three entities met in Brussels for shaping the elements of the same, together with representatives of the Greek Government, although not transcended details of the meeting.
The main question is related to the amount and the rate of interest on loans, which will provide the organization with headquarters in Washington, after which the Euro zone enter the conditions of its first package of loans.
The European commissioner for Economic and Monetary Affairs, Olli Rehn, indicated to as a guide to the countries of the Euro zone contributed two thirds of the total volume of loans necessary, while the IMF would be responsible for a third.
Sources from the Ministry of Finance Heleno, for its part, reported that the contribution of the Fund would be a bit below that third, in the 16 thousand $600 million, to an average of 2.84 percent.
“We cannot inform on behalf of the IMF, which has to communicate their own decisions,” explained a representative of the European Commission, which is responsible for coordinating the loans to Greece.
The representative also recalled that, although the IMF has the capacity to impose a different interest to the European on its part of loans, Greece might not choose to turn first to this money, cheaper.
The aid mechanism “Euro zone-IMF” is “only one,” said the source, and it would be activated jointly, so that it will have to respect the above-mentioned proportions.
As agreed, the aid operation only will be launched in the event that Greece so requests, and require the unanimous adoption of the countries of the euro zone, after hearing two evaluations of the European Commission and the ECB.