Can Brussels not to combine the visit with a possible agreement on the return date of the lenders in Athens and the resumption of negotiations for the closure of the assessment, however, is not a few people attribute the characterization of bridge builder between the two sides,
The negotiation, however, not only presents a picture of stagnation, but marginal deadlock, as the Greek government is called upon to take measures at a high political cost, without â€“for the time beingâ€“ visible and important return, and the lenders have still not found common ground between them on the issue of debt relief and the involvement of the IMF in the Greek program. However, the government hardens its stance and makes it clear that it does not intend to take a single euro, austerity measures, and on the other hand, the president of the Eurogroup Jeroen Dijsselbloem said yesterday that no agreement will be reached until 20 February, leaving everything in the air.
In Athens the Moscovici
At 8:45 mr Moscovici passed the door of the ministry of Finance for the meeting with the Euclid Thanksgiving, which was completed after about 40 minutes. Mr Moscovici coming out of the ministry of finance said that “I met the Greek finance minister to do the preparation for the Eurogroup. We are looking for the best solution for Greece. We want a strong Greece”, while he was there is still long way in the negotiations.
on arrival he said “we’re close, but there’s still work to do,” while specifically for the 20th of February the featured “an important moment for Greece”. It is recalled that the negotiation of the government with the lenders remains in the air. Can the Greek side made it back last Friday, came back on the line to close all the open issues and to not vote on new painful measures, let alone without having received a clear return.
After the ministry of finance and, specifically, at 11:00 the European Commissioner will meet with prime minister Alexis Tsipras. The meeting will be held at 11:00 am.m. at the Maximos Mansion. The European commissioner for immediately after you go to the Maximos Mansion for a meeting with the prime minister, and then will meet in the House with Kyriakos Mitsotakis. Mr. Moscovici, is to be declared at noon honorary doctorate of the University of Athens.
The open fronts of government-lenders
Just before the crucial Eurogroup of Monday, lenders continue to require from Athens to vote measures for the 2018, on the cutter, with both a reduction in tax-free, and in the other, while the frame is and the working.
In terms of IMF sought to change the forecast after the new data released yesterday GDP in 2016 and for exceeding financial target and in January of 2017.
Completion of the evaluation in April or May
As it seems, however, the scenario that both sides wanted to avoid, that a prolonged period of negotiation and uncertainty, which might adversely affect the fragile recovery of the economy, is now a reality. As writes the Daily with the negotiations at a standstill, if not in stalemate, eu sources they consider the most most likely scenario for the completion of the evaluation in April or May.
The price of delays
The effects of the uncertainty in the economy is already visible and of concern. As long as you don’t close the evaluation of the inclusion in the program of quantitative easing is not expected to happen. At the same time the deposits in the banks is reduced again, while the investment projects shall be suspended.
Maybe in April, the revision of the forecasts of the Fund for Greece
At the same time the IMF doesn’t seem willing to make even half a step back to the requirements. Indicative is that the high-level source of Fund speaking at the mignatiou.com he noted, moreover, that has not changed anything regarding the date of return of the IMF mission in Athens. When asked if, after the publication of the winter estimates of the European Commission for the Greek economy, will proceed with the IMF on a revision of its own estimates said:
“The Fund revised the forecasts for each country in its report on Global Economic Prospects (World Economic Outlook) every spring and the annual meetings of the autumn. Intermediate to make other revisions. So for some countries can be 4 reviews in a year, but for most countries 2. Of course, every time there’s a report referred to in article 4 of the IMF’s forecasts are reviewed and there. This is the practice in general, we don’t do special reviews for each specific case”.
Even, referred to indirectly in the report referred to in article 4 of the IMF on the Greek economy issued a few days ago and which reflects the latest estimates of the Fund for Greece. At the same time, he suggested that any adjustments should not be expected before April, when will be published the next report of the IMF for the Global Economic Outlook.