US-President Barrack Obama has reportedly pushed the Greek issue on the agenda of G7 Finance Ministers from USA, Germany, Britain, France, Italy, Japan and Canada who meet today in Dresden, Germany. According to Greek media, Washington is concerned about the possible failure of negotiations between Greece and its creditors and the US Treasury secretary Jack Lew is expected to exert pressure for “a constructive and pragmatic solution.”
According to Reuters, citing two unnamed and unspecified officials, the USA is putting pressure on Greece’s creditors mainly because of the geopolitical risks with one of them being Greece turning to Russia and the other the risk of Middle-East-inspired extremists movements developing in Greece.”
German Finance Minister Wolfgang Schaeuble who hosts the two-day meeting has reportedly said that the G7 is not the place where decisions about Greece will take place.
However, US Secretary Jack Lew had a private meeting with IMF’s Christine Lagarde on Greece in Washington on Tuesday.
Apart from the G7 finance ministers and central bankers of member states, present will be also, ECB’s Mario Draghi, Christine Lagarde, the President of World Bank, the General secretary of OECD, Eurogroup head Jeroen Dijsselbloem, EU’s Monetary Affair Commissioner Pierre Moscovici and prominent economists.
PS of course, the G7 will not take decisions about Greece but Jack Lew can give some ears-massage to the participants from the EU and the EZ.