The institutions are coming back, new measures are just around the corner

Tuesday will start the new round of negotiations…
of Greece, with the creditors so as to agree on new measures that will lead to the closure of the assessment. Main argument of the Greek side that any settings will need to ensure that there will be no further austerity.
As part of the measures identified in the Eurogroup with the reduction of the tax-free threshold and the reduction of pensions by 2019, through the phasing out of the personal dispute, the discussions will focus on the amount of the additional measures and the countermeasures of the government to support the unemployed and vulnerable social groups.
On the table are the reduction of insurance contributions of salaried work, along with a package of 3 billion. euro will come from borrowing, in order to create about 100,000 jobs, as well as the tax-exempt and pensions.
At the meeting were Christine Lagarde and Angela Merkel, the discussion focused by mrs Lagarde in the complete solution for the relief of the Greek debt, putting as a priority the reforms that should be implemented by the Greek side.
By the side of mrs Merkel, in turn, proposed a two stage solution. The first can be turned on the measure of repayment of the balance of the debt of Greece to the Fund, with the use of about 11.5 billion. euros, which is the profit of the ECB and other central banks from holdings of Greek bonds, which do not have their hair cut by the PSI. This intervention is included in the medium-term measures of the overall proposal of the ESM for debt relief, which was adopted on 25 May 2016, but it is politically tolerable, and from Germany and the Netherlands, are pushing for elections not to make concessions to Greece.
After the German elections, Germany is able to discuss the medium-term measures for debt earlier than 2018 in order to make the sustainability report of the Fund and to join fully in the program before the end of 2017.
Paul Thomsen from the side of the “bowl” to the Europeans for specific commitments regarding debt relief and brings the issue of the reduction of the primary surpluses.
One day after the meeting, the representative of the Fund Jerry Rice said that the IMF is not going to participate in the Greek programme.
“Before the IMF arrives in a position to commit to participation in the program, you will need to have the debate on the policies and provide debt relief, and beyond the debate to have reliable commitments which will, we trust,” said Rice at a briefing for journalists
The description of the measures for the debt should be made immediately after the debate on the reforms, even if their implementation be later explained.
He revealed that the Greek issue was addressed in the communication of the Lagarde with the American ministry of finance last Tuesday, but that the head of the IMF had recently contact with Alexis Tsipras on the evaluation.
Mr. Rice stressed that it is a condition of the participation of the Fund for the ex-ante commitment and expertise of the measures of debt relief, although these will be applied later.
The representative of the IMF revealed that Greece was one of the issues addressed by the telephone communication of Christine Lagarde with the American secretary of the Treasury Steven Μνούτσιν last Tuesday, while confirming that the head of the IMF had recently contact and with Greek prime minister Alexis Tsipras on the assessment.
Asked about if there has been from the Fund any study on the impact of a Greek exit from the euro, the Jerry Rice has not answered clearly and simply to declare that it was and remains a priority for Greece to stay in the eurozone and the priority of the other countries of the euro area to maintain it in this.
Government Trump: Greece is a European issue
New data for Greece created them in the first interview of the new american minister of finance Steven Μνούτσιν giving the first samples of the policy of Donald Trump.
As reported in the Wall Street Journal, the american minister described problem of Europe, the crisis in the Greek economy, adding however that “we are working with our European counterparts and the IMF to resolve it”.
In this publication it is stated that the government Trump could offer cover to the IMF so that it can remain stable in a tough position against intense German pressure for the participation of the fund in the program.
“We have conversations with our European partners and the IMF in this regard, but obviously the prime concern of our european partners”, said the minister of Finance of the united states.