In six days the critical Eurogroup: What about the debt?

H progress in the implementation of the Greek programme as well as the progress of discussions on…
with the sustainability of the Greek debt will be addressed, among others, the Eurogroup of May 24, according to the agenda published on Tuesday.
More specifically, in what concerns Greece, the agenda of the meeting of the eurozone Finance ministers, says that the institutions will inform the ministers on the course of the implementation of the economic adjustment programme, the ESM in Greece, particularly in the issues related to the first evaluation”. These issues include “the mechanism for taking emergency measures, which will be activated if necessary to ensure the achievement of agreed fiscal targets, as well as the implementation of the prerequisite of actions”.
With regard to the debt, it is noted on the agenda that the Working Group of the Eurogroup will inform their ministers of Finance “for the progress of the discussions on the sustainability of the public debt in Greece”, in accordance with the “guiding principles” and the “gradual approach possible additional measures” for the debt agreed upon in the Eurogroup on 9 May.
Draft agreement in the EuroWorking Group wants Brussels
The technocrats of the eurozone, with or without the IMF, they want next Monday to agree on a draft agreement regarding the debt in which you have to give “green” light on Tuesday, the ministers of Finance.
A european official said to journalists in Brussels, that the IMF involvement in the Greek program is “highly desirable” and estimated that the most optimistic scenario is the debt deal, which will include the IMF, to close before the summer vacation.
He also noted that the agreement is quite difficult, but not impossible.
“Given that Greece has already hurrying to legislate preventive measures, I think we can be optimistic about meeting these prerequisites,” said a high ranking official in a statement to Reuters, voicing optimism about reaching agreement.
“Cutter” expectations from Dijsselbloem
Uncertain about whether an agreement will be reached with Greece at the next Eurogroup appeared Jeroen Dijsselbloem, speaking on the Dutch channel RTLZ.
“I can’t say for sure that we will find an agreement with Greece on 24 May, i.e. at the next Eurogroup,” said Dutch Finance minister. “There are a number of difficult points”, he explained himself.
However, as he pointed out, “there is a basis for optimism” as the Greek parliament votes on Sunday, a large package of budget cuts. “It also opens up the way for a serious discussion about debt and sustainability. This discussion will continue at the next Eurogroup,” he said.
The president of the Eurogroup, stressed that Greece has loans with long maturity period and low interest rates.

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