Did they agree or not? The International Monetary Fund and the Eurogroup? Rather not. Or even better: They compromised and agreed to push the problem in the future.
Washington correspondent of Greek state broadcaster ERT, Lena Argiri, spoke with an IMF official who said
“key problem yesterday was that EU wanted us to agree that we didn’t have any concerns on sustainability, we were unable to do so.”
IMF: key problem yesterday was that EU wanted us to agree that we didn't have any concerns on sustainability, we were unable to do so
— Lena Argiri (@lenaargiri) May 25, 2016
IMF: Greece is in a point where disbursement is necessary, so compromises needed to be made
— Lena Argiri (@lenaargiri) May 25, 2016
IMF official:we need to be assured that the debts measures are consistent with what we think is needed, we don't have that right now
— Lena Argiri (@lenaargiri) May 25, 2016
IMF:we can't go to the board with other institution's DSA-We can only go with our own DSA
— Lena Argiri (@lenaargiri) May 25, 2016
A couple of hours later or more or less in the same briefing… on the 3.5% Primary Surplus disagreement with the EU…
IMF official hopeful on deal, but if Eurogroup sticks to 3.5% primary surplus target as basis for DSA then there'll be no IMF aid to Greece
— Katerina Sokou (@KaterinaSokou) May 25, 2016
Today, IMF’s representative at the Eurogroup, Poul Thomsen, will brief the IMF board on … the compromise.
PS IMF’s sacrific… ehm… compromise is much appreciated.
Any more such saving and the patient will be dead. The IMF just wanted to make sure Greece had enough liquidity to pay back…the IMF.