A rare day of positive karma for German Finance Minister Wolfgang Schaeuble. He said on Tuesday he was confident that Greece and its international lenders will reach a compromise deal this week, a step that would unleash more loans for Athens.
“We’ll manage it on Thursday. You’ll see,” Schaeuble said during a panel discussion in Berlin, international media report
The German finance minister did not elaborate. He did not waste a single word on how this agreement could look like. He did not revealed whether he was willing to compromise with the International Monetary Fund.
Officials have signaled that eurozone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later.
IMF head Christine Lagarde suggested a plan last week under which the Fund would join the Greek bailout now, because Athens is delivering on agreed reforms, but would not disburse any IMF money until the euro zone clarifies what debt relief it can offer Greece.
— Holger Zschaepitz (@Schuldensuehner) June 13, 2017
But Greeks should better be suspicious on Schaeuble’s assurances. At the very end, nobody doubts that what is an agreement for him, it is usually a loss for Greece.
In another surprise move, Schaeuble told Blomberg TV, that Britain would find “open doors” if it changed its Brexit decision.
— Bloomberg Brexit (@Brexit) June 13, 2017
It is the first time, Schaeble made a statement on Brexit.
PS I’m sure his Brexit statement was aiming to anger Juncker.