IMF deal on Greece ‘very positive’ for markets: Moscovici
The International Monetary Fund’s (IMF) approval of a one year US$1.8bn loan for Greece was a ‘very positive signal for the markets’, the European Union’s (EU) commissioner for economic and monetary affairs, Pierre Moscovici, said on Friday.
“The decision taken by the IMF is very good news. It’s another positive indicator of the return of confidence by Greece’s international partners. And it’s a very positive signal for the markets,” Moscovici said.
Under the terms of the deal, the International Monetary Fund will not actually release any of the funds until the eurozone agrees on a debt relief plan, in what was seen as a highly unusual compromise step.