Greece and creditors meet to discuss third rescue – The Economist

With illiquid, Greece has this plan to repay your debts, especially the 3,200 million euros to be paid at the latest on 20 August the ECB.

The top representatives of creditor agencies of Greece on Friday met in Athens with Tsakalotos Euclid, Greek Finance Minister to negotiate a third rescue plan for the country, a day after the International Monetary Fund (IMF) to condition their participation to specific measures.

“The discussions were held in a very good atmosphere, there were points of convergence in some respects and less in others,” said Tsakalotos after meeting in the center of Athens Declan Costello, chief of the European Commission, Rasmus Rüffer, the European Central Bank (ECB), Nicola Giammarioli, the European Stability Mechanism, and Delia Velculescu the IMF.

This is the first meeting between the Greek minister and the heads of the quartet. Days earlier, the technical teams of creditors and preparatory meetings held responsible Hellenes.

The Greek Finance Ministry said Wednesday that discussions were carried out in a “very good atmosphere”.

The government has stepped up efforts in the last two weeks to finalize the agreement by mid-August and get a new loan of over 82,000 million euros.

With illiquid, Greece has this plan to repay their debts, especially 3,200 million euros to be paid at the latest on 20 August the ECB.

The country suffers many restrictions since capital controls, which has been lightened is decreed, but continues to weigh on financial activities. Officials announced Friday that the Athens Stock Exchange, closed since 26 June, will reopen on Monday.

IMF casts doubt

However, a senior IMF said Thursday in Washington that the institution would not participate in the plan of aid to Greece if Athens did not accept a complete package of reforms and Europeans a Greek debt relief.

“The IMF will not participate until both conditions are met, “he said one of its senior officials on condition of anonymity. The European Commission said that this condition is “fully compatible” with the agenda in Brussels.

For the German Ministry of Finance, the IMF hold this position “is nothing new” and said Friday that July 16 had already informed the parliament in Berlin that the entity based in Washington defended removed.