Interesting. Eurogroup head Jeroen Dijsselbloem and Eurogroup real leader Wolfgang Schaeuble gave the tune on what we should expect from today’s extraordinary meeting on Greece, the Greek debt and the Debt Relief.
Entering the meeting hall, Dijsselbloem said that today there will be a first discussion on the Greek debt and decisions on Greece debt deal to be taken on May 24th,” when the regular Eurogroup meeting is scheduled.
Dijsselbloem: First real discussion on Greece’s debt relief, but next Eurogroup on May 24th will be decisive.
German Finance Minister Wolfgang Schaeuble said “We will not take any final decisions today. Today is about discussion and political guidance.” He added that “Debt sustainability analysis is needed before debt talks” and stressed
“I’m confident there will be a solution in May.”
He did not elaborate the May of which year he had in mind… but he insisted that the IMF’s contingency package must be put in concrete term.
Some Finance Ministers consider IMF as too expensive
When it comes to
#IMF role, I can easily live with IMF not chipping in with cash & but stay as technical assistance, that’s more important
and other like the Finnish FinMin are reportedly against everyone and everything.
According to Greece, the European lenders accepted the Greek proposal mechanism for the IMF’s contingency measures package, that IMF’s Poul Thomsen and Delia Velculescu had an argument on the issue. Velsulescu defended Lagard’s position on debt relief and to lower the Primary Surplus target 2018 from 3.5% to 1.5%.
Then, the European Commission took position to Greece pressing for a political decision.
EC Vice-Pres
@VDombrovskis: Debt relief is an issue to be decided the creditors – IE the other EZ MS – not Commission.#Greece#Eurogroup
Somebody should make all these fat, lazy pigs try to live on €384 euros. They all gorge at the public trough while claiming that everyone else should starve because there isn’t enough to go around.
Too right.
Can kicking.