• Austria's news in English

IMF 'no longer necessary' to stabilise Greece

The Local/AFP · 6 Apr 2016, 12:09

Published: 06 Apr 2016 12:09 GMT+02:00

Facebook Twitter Google+ reddit

"Economically speaking, the IMF is no longer necessary for Greece's stabilisation," said Ewald Nowotny, head of Austria's central bank and an ECB Governing Council member.

"This is a problem that the EU can resolve on its own," Nowotny told Austrian daily Die Presse in an interview.

His comments came after WikiLeaks released what it said was a transcript of a phone conversation between IMF officials expressing frustration at Greece's slow pace enacting reforms.

The document published by the whistle-blowing website quoted the officials as suggesting in a March 19th conversation that Greece needed a "crisis event" to spur it into action. The IMF has yet to officially sign onto Greece's latest bailout, the third, agreed in July, making its participation conditional on Athens not backtracking on reform promises.

Leftist Prime Minister Alexis Tsipras, who last year said the IMF bore "criminal responsibility" for Greece's painful austerity cuts, wrote to IMF chief Christine Lagarde to complain.

She replied in a published letter that any speculation "that IMF staff would consider using a credit event as a negotiating tactic is simply nonsense".

On Monday Greece resumed talks on the reforms with mission chiefs from the EU, IMF and the ECB. Tsipras said he was confident the latest audit would be concluded by April 22nd.

Story continues below…

The IMF is also pushing for EU nations to grant Greece relief on its mammoth debts, but members in the bloc, not least powerhouse Germany, are resisting this.

"Explicit debt relief is unlikely," Nowotny said. "Greece has already made massive progress."

For more news from Austria, join us on Facebook and Twitter.

The Local/AFP (news.austria@thelocal.com)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Verdict on swimming pool rape case overturned
The Theresienbad swimming pool in Vienna. Photo: Wikimedia

An Iraqi refugee who was jailed after claiming it was a sexual emergency when he raped a boy in a swimming pool has had the sentence overturned.

Vienna Comic Con promises to be 'bigger and more galactic'
Cosplay star Yaya Han. Copyright: Yaya Han/Bryan Humphrey

Comic Con returns to the Austrian capital on November 19th-20th at the Messe Wien.

Three refugees arrested on drugs charges
Cannabis plants. Photo: J. Patrick Bedell/Wikimedia

A gang of three Afghani drug dealers has been busted in Vienna.

Hungarian woman crushed by snowcat piste machine
Snowcat machine. Photo: Melensdad/Wikimedia

A young Hungarian woman has died after being crushed by a snowcat piste machine on the Dobratsch mountain in Carinthia.

Austrian policeman sentenced over 'Heil Hitler' salute
Photo: Flickr

A policeman in Austria was sentenced on Thursday for shouting "Heil Hitler" at a driver during a traffic check at the Hungarian border in April.

Scary clown craze endangers crucial work of clown 'doctors'
Photo: Bojan Tavcar

Within the last couple weeks, disturbing events involving masked individuals has caught public attention in Austria.

Chimney sweep rescues lost mushroom picker
Photo: James Lindsey/Wikimedia

A 76-year-old Austrian man who went out mushroom picking almost froze to death after getting lost and spending the night in the forest.

Refugees sold into forced prostitution
File photo: UNHCR

Female refugees are being sold into forced prostitution in Austria, a police investigation into human trafficking has found.

Driverless bus takes a spin around Salzburg's old town
The Arma driverless shuttle bus. Photo: Navya

A driverless minibus has made a test journey in the city of Salzburg.

No jail time for asylum seeker who dumped baby in road
Photo: Paul Gillingwater

A man who grabbed his own child and dumped her in the middle of a busy road has been given a nine-month suspended sentence.

Sponsored Article
How to vote absentee from abroad in the US elections
12 brilliant German words you won't find in English
Sponsored Article
Last chance to vote absentee in the US elections
Five films which will change your mind about Austrian cinema
Those surprising Austrians!
Sponsored Article
How to vote absentee from abroad in the US elections
100 years since the last emperor's death
Afghani family's new home in Austria
Der you learn Deutsch?
Delighted by the light
Beware these passport scams
Of course we skipped Oarsch
Foodies rejoice at the choice!
Travel & Tourism
10 years after her escape from captivity
Surviving the Brexit for British expats
Day 2 of the World Bodypainting Festival 2016
Is Islam hostile to Western society?
Bodypainting festival in southern Austria
Europe's ice cream capital
Best Austrian beauty spots
Travel & Tourism
Three days in Vienna as a tourist
How to make friends in Austria
jobs available