Prime Minister Alexisd Tsipras is launching a Debt Relief Tour to convince EU lenders and key players about the necessity of a debt relief. At the same time, he is in continuous contact with US officials who have access to IMF’s Managing Director Christine Lagarde.
According to daily Ta Nea, through the USA, the Greek government seeks to understand the IMF’s intention with regards to the Fund’s participation in the Greek program and thus to weight estimations and chances to obtain a debt-adjustment decision by European Lenders.
The daily notes that the US administration has given assurance that it will push so that a debt solution is found before the end of the year. However, Greece cannot ignore Berlin’s refusal to start a discussion on debt relief before the German elections and as Finance Minister Wolfgang Schaeuble reiterates “not before 2018.”
The argument of Greek government and the Prime Minister is that Greece has fulfilled all the obligations arising from the 3. bailout agreement and therefore lenders should provide a solution for the debt.
Some allies within the EU may support Greece’s argument, however they are unwilling to bypass Schaeuble.
Alexis Tsipras is leaving for Brussels on Wednesday evening, the ‘marathon’ of contacts begins the following day.
Tsipras is expected to meet with European Commission President, Jean-Claude Juncker, possibly with Vice Valdis Dombrovskis. He may hold meetings also with German chancellor Angela Merkel and French President Francois Hollande.
The Prime Minister will seek through his contacts to understand the intentions of European leaders and institutional key players and at the same time push in the direction of decisions about the Greek debt. For sure, he will tell interlocutors that the government wants to conclude the second review of the Greek program as soon as possible.