washington group

The possible non-participation of the International Monetary Fund in the Greek program will not impact the credibility of Greece's scheduled bailout exit in the summer, government spokesman Dimitris Tzanakopoulos said on Monday.

A meeting of the so-called Washington Group - representatives of Greece's creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies - failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans.

A meeting of the so-called Washington Group - representatives of Greece's creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies - failed to break a deadlock on Greek debt as the International Monetary Fund (IMF) and Berlin remain divided on the length of upfront extension on bailout loans.

The chasm between Germany and the International Monetary Fund over the issue of Greece's debt appears to be widening rather than closing, Kathimerini understands, following a meeting of top European and IMF officials on Monday.

The chasm between Germany and the International Monetary Fund over the issue of Greece's debt appears to be widening rather than closing, Kathimerini understands, following a meeting of top European and IMF officials on Monday.

Eurogroup chief Mario Centeno on Thursday denied that there is any discussion about extending the Greek bailout program, as German daily Sueddeutsche Zeitung has suggested.

Berlin appears unwilling to soften its tough stance despite the formation of a new government, insisting that any measures to ease Greece's debt should come with strict terms and conditions.

According to sources outside the International Monetary Fund (IMF), the organisation’s General Director, Christine Lagarde reached a compromise on the issue of a Greek debt relief with Washington Group members during a meeting that took place within the framework of the Bari G7. The sources revealed that Mrs.

Although no decision was reached on the Greek debt at the meeting of the so-called Washington Group in Bari, Italy, on Friday, Greece's creditors - the eurozone countries on the one side and the International Monetary Fund on the other - have come quite close on a political and a technical level to what the final agreement should look like.

The IMF has not changed its stance regarding its participation in the Greek program, an official with knowledge of talks between Greece and its creditors on the matter in Washington, Brussels and Berlin told protothema. The source said that there were signs of concession in an effort between the parties involved to reach a compromise that would solve the deadlock.