Collyns US Treasury's te reizen naar Athene, Rome

Greece will begin talks with international lenders on Tuesdaythe same day Collyns begins his trip.

Collyns will meet with senior government officials and private sector representatives to discuss economic and policy developments in Greece and Italy,” the Treasury said.

Earlier on Monday the IMF rejected a report in a German magazine that it may not take part in any additional financing for Greece.

The IMF is part of a “trojka” of international lenders, including the European Commission and European Central Bank, which will meet with the new Greek government of Prime Minister Antonis Samaras to review a 130 billion euro rescue program.

Greece wants its lenders to give it two more years to achieve the budget goal to avoid an even deeper economic slump but its lenders have opposed the idea because it would imply even more financial aid.

The United States has signaled it would support adjustments to timelines for meeting specific fiscal and other targets in the IMF’s program for Greece, saying reforms were pushed off track by a drawn out political process to form a new government in Athens.

The United States is the IMF’s largest member country.

(Reporting by Jason Lange; Editing by Andrea Ricci and Carol Bishopric)

Last minute reisaanbiedingen voor Edinburgh Festival en zonneschijn in Griekenland

  • Louise Brown

    You’ve come a long way, baby! Celebrating 34 years since the first test-tube baby

  • FOREX-Spanje, Griekenland maakt zich zorgen vonk brede euro dia

    Ma juli 23, 2012 10:22pm CEST

    (Corrects third paragraph to show Murcia has not sought aid)

    * Euro hits 2-year low vs dollar, near 12-year low vs yen

    * Fall broad-based; hits record low vs Aussie

    * Worries grow about Spain, possibility of Greece exit

    By Jessica Mortimer

    LONDEN, Juli 23 (Reuters) – Fears Spain will have to seek a
    full sovereign bailout, coupled with mounting worries that
    Greece may leave the euro, sent the euro sliding to a two-year
    low against the dollar and a near 12-year trough against the yen
    op maandag.

    Spanish bonds yields soared to their highest levels since
    the euro was created, despite euro zone finance ministers
    approving on Friday terms for a loan of up to 100 een miljard euro
    for Madrid to recapitalise its banks, en
    analysts said this was the prime driver of the euro’s fall.

    Murcia looked on course to become the second Spanish region
    to request financial assistance from the government, na
    Valencia, with media reports suggesting six regions could seek

    What began as a Spanish banking bailout looks to be moving
    rather quickly towards a possible sovereign bailout. Overlay
    that with increasingly negative news on Greece and you get a
    fairly negative mix, so the path of least resistance for the
    euro is down,” said Jeremy Stretch, currency strategist at CIBC.

    De euro daalde tot $1.20821, its weakest since June
    2010 and creeping ever closer to the 2010 low of $1.1876.

    Against the yen it dropped more than 1 percent on
    the day to 94.23 yen, a level not seen since late 2000.

    The euro tumbled not just against safe havens like the
    dollar and the yen but also against currencies which usually
    fall in times of heightened risk aversion in financial markets.

    It hit a record low against the Australian dollar
    , a more than 3-1/2 year low against the British pound
    en een 9-1/2 year low against the Norwegian crown

    It is difficult to find any currency the euro can
    outperform, which underlines the sheer uncertainty ahead,”
    CIBC’s Stretch said, adding the perceived risks of a euro zone
    break-up were growing.

    Even any short-term positives or bouts of short-covering
    would only be taken as an excuse to sell the euro, zei hij.


    The prognosis for Greece also appeared to darken, alleen
    adding to the reasons for investors to sell the euro.

    German magazineDer Spiegelreported on Sunday that the
    International Monetary Fund may not take part in any additional
    financing for Greece, highlighting growing frustration with

    Speaking two days before a team of international lenders
    arrive in Athens to push for further spending cuts in return for
    more rescue payments, Prime Minister Antonis Samaras said Greece
    was in aGreat Depressionsimilar to the United States in the

    Vooruit kijken, analysts said any weakness in euro zone
    provisional purchasing managerssurveys on manufacturing and
    services sector activity due on Tuesday would only add to the
    gloom and intensify selling pressure on the euro.

    With risk aversion back on the rise, the safe-haven U.S.
    dollar and yen found good support. The dollar index
    sprong 0.4 percent to a two-year high of 83.835 and the dollar
    also hit a 19-month high against the Swiss franc.

    The yen was the biggest gainer, rising to a seven-week high
    van 77.94 yen per dollar.
    With such strong risk aversion it is the yen and the dollar
    that will keep gaining against risk currencies,” said Teppei
    Ino, currency analyst at the Bank of Tokyo-Mitsubishi UFJ in
    Tokio. “The Spanish scenario has not been priced in yet.

    The euro fell against the Australian dollar to around
    A$1.1690 and hit a trough of 77.56 pence against sterling.

    But the Australian currency fell sharply against the dollar
    and was last down 0.9 procent bij $1.0280, with traders
    saying worries about slower Chinese growth only added to
    investor risk aversion.

    (Additional reporting by Antoni Slodkowski in Tokyo, het uitgeven door
    Nigel Stephenson)