Saturday, February 11, 2017

Greek debt : Alexis Tsipras has accused the IMF of “dragging things” – The World

the Lack of progress towards an agreement for the maintenance of the Greece under-infusion at home, the Greek prime minister has tancé vigorously the international monetary fund and the euro zone.

The Greek Prime minister, Alexis Tsipras, in a speech at the opening of the central committee of his party of the left, Syriza, in Athens (Greece), February 11, 2017.

Enervé by the trampling of the back of the Greek crisis in Brussels, Alexis Tsipras has taken Saturday 11 February, in front of his party, to the euro zone and the international monetary Fund (IMF). Opening a meeting of the central committee of Syriza in Athens, the Greek prime minister has accused the IMF and the German finance minister, Wolfgang Schaüble, ” play with fire “.

The day before, a meeting held in Brussels between the Greek part, the euro zone and the IMF would pave the way for an agreement for the maintenance of Greece in debt distress under perfusion, which have been presented at the next meeting of the finance ministers of the euro area on 20 February.

Read also : ultra-Sensitive, the case of greece divided the member States of the international monetary Fund

While fears of a new Greek crisis has emerged in Europe and on the markets, Mr Tsipras has conditioned a return to Athens of the representatives of the creditors to a change of direction of the IMF :

” We look forward to the more soon as possible, as the IMF revises its forecasts (…) so that discussions can continue at the technical level (…). The IMF continues to a poker game by dragging things out because he doesn’t want to place the blame on the intransigence of the German minister [Wolfgang Schaüble] and displays constantly new demands absurd for the offence to be rejected on Greece. “

and Then he specifically called upon the German chancellor, Angela Merkel, ” to encourage his finance minister to put an end to its aggression, continuing “ Athens.

However, confident of an agreement

After you have blown the hot, the Greek prime minister has blown the cold, saying it was still confident on the fact that an agreement will be found. It has relied on in this sense, a decline of theses ultralibérales in Europe, particularly in Germany, and the need for the EU to close ranks in the face of euroscepticism.

” The review “ of the Greek program, including the closure conditions for the payment of new loans, ” will be concluded and in a positive manner “,-he said. However, there are no clear pathway to an outcome, while, according to media reports, the majority of which has only three votes ahead of Parliament, is divided between the supporters of new concessions to creditors and lawyers of the firm.

The country, which will have honour in July claims more than six billion euros, is caught for weeks in a dispute between the IMF and the eurozone, which écharpent on the extent of debt relief to lend and effort to claim them from the Greeks.

A debt “unsustainable” according to the IMF

Pessimistic, in view of the errors and failures accumulated since the beginning of the Greek crisis in 2010, the IMF released Tuesday a report that Greek debt is ” unsustainable “. He also disputes the extent of the target of primary surplus (excluding debt service), to 3.5 per cent of GDP, the euro area calls for after 2018.

But the options it is considering, including a substantial reduction of the debt, or a withdrawal from the programme of loans to Greece, are categorically excluded by Mr. Schaüble in view of the elections which will be held at the end of 2017 in Germany. Failing this, the IMF demands that Athens legislate in advance of new tax increases and cuts to pensions, a stopgap, this time, rejected by Greece.


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