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EU/IMF Aid to Greece on Hold Until After Referendum

 
Psych

User ID: 903456
Netherlands
11/02/2011 04:12 PM

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EU/IMF Aid to Greece on Hold Until After Referendum
CANNES, France - The European Union and IMF will not release an 8 billion euro payment to Greece until after the country has held a referendum on the EU's latest bailout program, a source on the IMF board and an EU source said on Wednesday.

Euro zone leaders last week signed off on the sixth tranche from a 110-billion-euro package agreed for Athens last year, but the sources said the payment was on hold and would not be paid until after the referendum. Without the payment, Greece could face bankruptcy.

"The board would not want to give money to Greece and then wonder what will happen," the IMF board source said. "The board will want comfort that Greece will fulfill its commitments and right now Papandreou is unable to give that."

More: [link to www.courant.com]

There is another good link out there but I am not able to post it as GLP does not allow linking to that particular news agency.

Last Edited by Psych on 11/02/2011 05:28 PM
Anonymous Coward
User ID: 4502152
United Kingdom
11/02/2011 04:16 PM
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Re: EU/IMF Aid to Greece on Hold Until After Referendum
ok, this is obviously some sort of plan to initiate war. now can we figure out how they'll manage it?
Psych (OP)

User ID: 903456
Netherlands
11/02/2011 04:28 PM

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Re: EU/IMF Aid to Greece on Hold Until After Referendum
ok, this is obviously some sort of plan to initiate war. now can we figure out how they'll manage it?
 Quoting: Anonymous Coward 4502152


Not sure what kind or war you are hinting at, besides an economic one, which has been going on for quite some time right now.
Anonymous Coward
User ID: 4495192
United Kingdom
11/02/2011 04:48 PM
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Re: EU/IMF Aid to Greece on Hold Until After Referendum
Sounds like blackmail to me.
Anonymous Coward
User ID: 4502152
United Kingdom
11/02/2011 04:49 PM
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Re: EU/IMF Aid to Greece on Hold Until After Referendum
ok, this is obviously some sort of plan to initiate war. now can we figure out how they'll manage it?
 Quoting: Anonymous Coward 4502152


Not sure what kind or war you are hinting at, besides an economic one, which has been going on for quite some time right now.
 Quoting: Psych


ww3

the one they WANT, remember?
Psych (OP)

User ID: 903456
Netherlands
11/02/2011 04:54 PM

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Re: EU/IMF Aid to Greece on Hold Until After Referendum
Sounds like blackmail to me.
 Quoting: Anonymous Coward 4495192


It kinda is... But it is according to the agreement we made.

The bailout which is reserved for Greece was not payed out at once. They receive it bit by bit as long they stay on course with regard to austerity measures being implemented.
Psych (OP)

User ID: 903456
Netherlands
11/02/2011 05:04 PM

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Re: EU/IMF Aid to Greece on Hold Until After Referendum
ok, this is obviously some sort of plan to initiate war. now can we figure out how they'll manage it?
 Quoting: Anonymous Coward 4502152


Not sure what kind or war you are hinting at, besides an economic one, which has been going on for quite some time right now.
 Quoting: Psych


ww3

the one they WANT, remember?
 Quoting: Anonymous Coward 4502152


I don't think this will spark WWIII. I also never envisioned WWIII being a war where European nations will be fighting among themselves. But who knows, maybe you're right.
Anonymous Coward
User ID: 331367
Austria
11/02/2011 05:09 PM
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Re: EU/IMF Aid to Greece on Hold Until After Referendum
Without more money they will be unable to pay the bills mid november.
Psych (OP)

User ID: 903456
Netherlands
11/02/2011 05:23 PM

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Re: EU/IMF Aid to Greece on Hold Until After Referendum
Without more money they will be unable to pay the bills mid november.
 Quoting: Anonymous Coward 331367


Yep, this has the potential to get real ugly, real fast.

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