“The IMF is an asset,” EU Commissioner for Monetary Affairs Pierre Moscovici told reporters in Brussels, as in Athens the government ministers struggle to find a way out with creditors representatives on hot potatoes like the red-loans and the pensions. But talking to Greek reporters he tried first of all to lower the tension between Greeks and German Finance Minister Schaeuble over the participation of the IMF in the Greek program.
“The IMF is an essential factor of security and trust and its participation is part of the agreement,” Moscovici said adding that the Greek program Review will be concluded by the end of January 2016 and then the debate over the Greek debt can begin.
However, he stressed that “Greece does not need a debt relief or debt restructure, but a broader discussion should be held on the debt service.”
He also said that “Greece lost a lot of time during the past months, but now it has realized that reform implementation is essential for modernizing its economy.”
OK. Now let’s all go eat some Melomakarona to sweeten our frustration:)))
