Merkel to dis­cuss cri­sis with IMF chief Strauss-Kahn

Kathimerini English - - Business & Finance -

Ger­man Chan­cel­lor An­gela Merkel will dis­cuss the Greek cri­sis and the sit­u­a­tion in Ire­land and Por­tu­gal with the head of the In­ter­na­tional Mon­e­tary Fund to­mor­row, as of­fi­cials aim to stem euro-re­gion debt con­cerns. IMF Man­ag­ing Di­rec­tor Do­minique Strauss-Kahn will be in Ber­lin for talks on the euro re­gion and the Group of Eight sum­mit in Deauville, France, on May 26-27, Ger­man gov­ern­ment spokesman St­ef­fen Seibert told re­porters yes­ter­day. Merkel is await­ing a quar­terly au­dit on Greece by the IMF and Euro­pean of­fi­cials as the gov­ern­ment in Athens strug­gles to ad­here to a sav­ings plan. The au­dit “will de­liver the facts,” Seibert said, adding that the talks will be an “ex­change of views” on an in­for­mal ba­sis. “But of course it’s quite clear that Greece, Por­tu­gal and Ire­land will be among the top­ics in the talks with Mr Strauss-Kahn.” The euro has lost 3.7 per­cent against the US dol­lar this month, buf­feted by in­vestor concern that Greece may not be able to meet its debt obli­ga­tions as Euro­pean of­fi­cials be­gin to dis­cuss pos­si­ble ad­di­tional mea­sures. Merkel also met this week with Euro­pean Com­mis­sion Pres­i­dent Jose Manuel Bar­roso and EU Pres­i­dent Her­man Van Rom­puy. The Greek au­dit is due in “early to mid-June,” Ger­man Fi­nance

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