WASHINGTON (AFP) - the Fund International Monetary warned Athens to strengthen its policy and extensive plans for financing actions in order to continue to receive funds from rescue IMF in conjunction with the European Union.
Warning to Athens, it will be bankrupt without the next opus 12 billion euros in a joint program of the EU - IMF rescue, spokesman of IMF Caroline Atkinson said that the necessary funds "assurances" on how the country will fund its future continue to him giving support.
Atkinson has pointed out that 30 total IMF loan package billion euro for the Greece is subject to the country being able to obtain a continuous funding from other sources and operations.
"We certainly focus on what may be the next steps for the economic program in Greece", she said to journalists.
"And therefore we are looking for - our technical term finance insurance.". We seek assurances in all funding programs. ?
It refers both to the rescue of European Union much more for the Greece, its tax policy adjustments and its promise to begin to sell assets to raise funds.
"Our Board of Directors never not lend us when we do not have on insurance... When did we not ourselves that no there is no gap assured us," she said.
"It is important that we in the IMF money when we worked with a country to take measures to bridge the gap and we see that other funding is available." This is how to maintain the security of our members money.
Luxembourg Prime Minister Jean-Claude Juncker, who heads the Finance Ministers of the euro, warned Thursday that the IMF can block the next instalment of the joint program.
Juncker, said that the fifth instalment in a 110-billion loan package euro could be hampered by IMF rules prohibiting the lender of last resort for funds without a guarantee of 12 months of solvency.
"There are specific rules IMF and one of these rules, says that the IMF can only take action when the refinancing guarantee is given over a period of 12 months," Juncker said at a Conference at the Luxembourg.
An IMF team is currently in Athens discussing his progress before releasing the fifth instalment of the programme.
Atkinson said that the IMF was aware of the challenges faces of the Greece and the deterioration of its situation – partly because to disseminate financial difficulties of Europe in Ireland and the Portugal.
"The Government, the Greek people have made extraordinary efforts over the past year." Financial markets clearly are steps where we predicted that they would be, "she said."
"But it is also not unusual that things turn quite how predict you."
"And this is really why we tend to lend money and have quarterly examinations, so that we can make adjustments as we go along and consult with the Government and other funding partners if they are."
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