Handelsblatt: The IMF will participate in the Greek memorandum

“The fact that the Greek government until now have not been able to fulfill all the requirements, institutions will…
respond with still more demands for reforms. And Greece, at least on paper, I agree. The IMF, which already weeks ago said that the measures are not realistic, you will participate…And the German government, to make it easier, I’ll agree to some debt relief and after the end of the aid package 2018. After the 250 billion already spent, will be given and the next dose. It remains an unanswered question, why will now work on a programme of assistance that has not worked for the past seven years. This plan is not a realistic, as he had once said the IMF’s chief economist Olivier Blanchard. It’s just an attempt of the participants to save themselves 2018,” writes the financial newspaper Handelsblatt, concerning the agreement reached in the Eurogroup.
In the Süddeutsche Zeitung, “The German Finance minister wants to avoid becoming the Greece issue in the election campaign . Already the proposal of Manfred Weber, head of the K.The. of the European People’s Party, to become in the future, and an effort without the IMF, caused great discontent in the Christian Union. The bundestag has agreed on the credit scheme for Greece, provided to participate and the IMF. Unclear remains how it will behave in the new american government under Donald Trump. His predecessor, Barack Obama, was in always in favor of Greece, as well as the participation of the IMF. The US is involved with the largest percentage in the Fund. It remains open how the united states will react to the participation of the IMF in the Greek program. This Wednesday the crisis in Greece will be discussed at the highest political level. The head of the IMF will meet in Berlin with chancellor Angela Merkel”.
The Frankfurter Allgemeine Zeitung, according to Deutsche Welle, referred to in the estimates of the IMF, and Paul Thomsen that many of the calculations don’t “come out” and that we could support a less spectacular programme of reforms, but will inevitably have to be other debt relief’, something that the Finance ministers and Eurozone leaders would not want this year, made so many electoral s competitions in Europe”. And the journal concludes: “in July, Greece will have to pay over € 7 billion to lenders. Without an agreement by then, maybe the summer of 2015 appears as a dress rehearsal for a Grexit and the summer of 2017 will be remembered as the premiere of the project. Before the meeting of Finance ministers of the Eurozone, yesterday, in Athens they weren’t expecting a lot. It would be good if there was an ‘agreement to agree’ sounded from circles of πρωθυπουργικών office”.