The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

WASHINGTON (AFP) – The International Monetary Fund released 1.72 billion euros ($2.29 billion) in aid for Greece on Monday after completing a review of the country’s performance under the international rescue program.

The latest disbursement means that Greece has received a total of roughly 8.24 billion euros ($10.94 billion) from the IMF under the bailout coordinated with the European Union and the European Central Bank in March 2012.

On Friday, the 18-nation eurozone gave the green light for the release of 4.0 billion euros in bailout funds for Greece after it had met program conditions.

Twice bailed-out Greece still faces a funding shortfall of some 3.8 billion euros late next year but its troika of international creditors are not overly concerned, a senior EU official said Friday, speaking on condition of anonymity.

“There is a program financing gap of about 3.8 billion to the end of 2014,” the European Union source said, adding that in the eyes of the experts involved, this figure was “not enormous.”

The Greek bailouts agreed by the EU, the European Central Bank and the International Monetary Fund are financed through mid-2014, the official said.

Greece was first bailed out for 110 billion euros in 2010 but when that failed, got a second rescue worth 130 billion euros plus a private sector debt write-off totaling more than 100 billion euros.

In exchange, Athens has had to implement draconian austerity measures, including drastic cuts to pensions and civil service payrolls while the economy has remained stuck in recession for some six years.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Jessica Cisneros

It’s a race that has some Democratic voters scratching their heads: a young, progressive primary challenger versus a pro-life, conservative Democrat who received an A-rating from the NRA. The primary race between one of the most conservative Democrats in the House, Representative Henry Cuellar, and Jessica Cisneros has become a lightning rod within the Democratic Party.

Cuellar declared victory, but as of Wednesday morning, major media outlets have said the race is too close to call. He is just a couple hundred votes ahead of his Cisneros in Texas' 28th Congressional District primary. When neither candidate won a majority in the March 1 primary, the two highest vote-getters faced each other in Tuesday's run-off election.

Keep reading... Show less

School shooting in Uvalde, Texas

Youtube Screenshot

Fox News responded to the school shooting in Uvalde, Texas, by interviewing experts who pushed controversial, counterproductive models to reduce gun violence in schools. One of these experts advocated for introducing more weapons into schools through arming teachers and staff, a policy firmly rejected by teachers unions and researchers. Another called for increased active shooter response trainings-- a service his company provides -- which have also been found to be ineffective at preventing casualties.

As news out of Uvalde was still developing, Fox News’ Jesse Watters invited Laura Carno -- the executive director of FASTER Colorado, which advocates for arming school staff -- on his show, where she compared arming teachers and other school personnel to arming pilots. “We all feel really comfortable with the armed pilot program, where some pilots are armed on some flights,” Carno said. “We don't know which ones, and we feel pretty good about that. It's a very similar kind of thing to armed school staff programs.”

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}