Saturday, February 11, 2017

Greece warned by IMF as Germany to “stop playing with fire” – The Reporter

The Greek prime minister, Alexis Tsipras, called on Saturday the International Monetary Fund (IMF) and the German Finance minister, Wolfgang Schaüble, to stop "playing with fire", blaming both the current blockade on the negotiations between Greece and its creditors.

A day after a meeting in Brussels that ended without progress, the Greek prime minister showed, in spite of everything, confident that Greece will reach an agreement.

Tsipras conditioned the return to Athens of the representatives of the creditors to a change of attitude on the part of the IMF: "we Hope that the IMF review as soon as possible their estimates (…) so that discussions can continue at technical level", pointed out at the beginning of a meeting of his party, Syriza.

he Also called German chancellor Angela Merkel to ask for "to his Finance minister to put an end to its aggression, continuing" to Greece. The meeting held the day before in Brussels with the objective of re-launching negotiations on a new aid plan for Greece ended without agreement.

Athens must pay in July, nearly 7,000 million euros to its creditors, a payment that will not be able to cope without new bailout funds.

however, their main creditors, the euro zone countries and the IMF, failed to agree on debt and the economic objectives greeks, paralyzing any new tranche of aid.

For the Fund, the hellenic country will only achieve a surplus of 1.5%, two points below the 3.5 percent that is required.

The agency believes that to meet the goal of budget surplus, Athens would need more internal reforms, something that the government of Tsipras rejects, and claims to also remove substantially all of the Greek debt, a point to which Berlin denies it.

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