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No debt relief, no IMF participation and therefore no implementation of €3.6bn measures, says PM Tsipras

Greek Prime Minister Alexis Tsipras made it clear: the additional austerity measures for 2019-2020 will not be implemented if there is no measures for debt relief.  Then, without debt relief the IMF will not participate in the Greek program.

“It is not a figure of speech, we will implement the austerity measure provided that we have the sustainability of the Greek debt,”  Tsipras said on Tuesday.

“We are closer than ever to a substantial debt relief” he stressed adding “the ball is no longer in our own court. It is the first time we conclude a review and we take the money to implement measures under the condition that we have the viability of the Greek debt.”

Stressing that the additional austerity measures of 3.6billion euros were imposed under pressure by the International Monetary Fund, the Greek prime minister said that in the beginning the Fund wanted the measures because it did not believe thee country could achieve the primary surplus of 3.5%.

“When the Fund saw that we did achieve the goal” it still insisted on the measures saying they were “qualitative measures.”

“IF we do not have a debt agreement it will mean that the IMF will not participate in the Greek program, and therefore there will be no need for the implementation of these measures,” Tsipras said.

the Greek prime minister tries to convince SYRIZA lawmakers to vote in favor of the horrible package of austerity measures and legislate before the Eurogroup on May 22.

Full Text of Supplemental Memorandum of Understanding Agreement signed between Greece and creditors on May 2 2017

The measures legislation is a precondition for the conclusion of the second review.

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