PM: Greece gains economic ‘freedom’ by repaying IMF loans earlier

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Posted on April 17, 2019, 12:57 pm
2 mins

Repaying earlier expensive International Monetary Fund loans is a significant step for Greece which will create favorable conditions for its economy, Prime Minister Alexis Tsipras on Monday, promising more relief measures.

“We are gaining points of [economic] freedom,” Tsipras said during an interview with Greece’s Antenna television. Greece this week plans to file a request to the euro zone’s bailout fund, the European Stability Mechanism (ESM), seeking its consent for the early repayment of the loans, sources told Reuters earlier Monday.

The country emerged from its third international bailout since 2010 in August last year.

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