Displaying items by tag: debt

The so-called contingent measures and the debt issue were the reasons why the Greek economic staff and the institutions did not reach an agreement, a eurozone official told ANA-MPA on Wednesday.

The IMF on Friday issued an indirect but clear response to Eurogroup president's earlier comments over the sustainability of Greek debt, with Poul Thomsen, the head of the International Monetary Fund's European department saying that Greece cannot deal with its public debt through reforms alone and needs a significant extension of grace periods and longer maturities from its European creditors.

Greece's outstanding debt expanded to more than 5 billion euros as of May's end, compared to the start of 2015's 3.8 billion euro figure.