Bailout talks to re­sume on Tues­day

Aim is to get mea­sures to MPs by mid-May, end re­view at Eurogroup fol­low­ing week

Kathimerini English - - Front Page -

The gov­ern­ment yes­ter­day sought to set out a roadmap for the re­turn of eco­nomic sta­bil­ity to Greece, with its spokesman Dim­itris Tzanakopou­los an­nounc­ing that for­eign au­di­tors will re­turn to Athens next Tues­day and that a drag­ging bailout re­view will be com­pleted by a Eurogroup sum­mit on May 22.

Tzanakopou­los said bailout talks would re­sume next week with the aim of fi­nal­iz­ing the ad­di­tional meas- ures and “coun­ter­mea­sures” agreed with cred­i­tors, and draft­ing a “com­ple­men­tary me­moran­dum of co­op­er­a­tion as well as a me­moran­dum with the IMF,” re­fer­ring to the In­ter­na­tional Mone­tary Fund. The mea­sures and ad­di­tional agree­ments will then be put to a vote in Greece’s Par­lia­ment by mid-May so that the “fi­nal stamp” can be de­liv­ered at the May 22 Eurogroup. Tzanakopou­los said the IMF may fi­nance Greece’s cur­rent bailout, its third since 2010, with a small amount for one year. “What is un­der discussion is a small IMF funding pro­gram, which will last for one year and end at the same time as the ESM pro­gram, in Au­gust 2018,” Tzanakopou­los said, re­fer­ring to the Euro­pean Sta­bil­ity Mech­a­nism.

The spokesman in­sisted that spec­u­la­tion about the pos­si­ble need for ad­di­tional eco­nomic re­forms in 2018 was “ground­less,” not­ing that the mea­sures Greek MPs will vote on next month re­late to 2019.

On the crit­i­cal is­sue of debt re­lief, Tzanakopou­los said of­fi­cials were seek­ing “a de­ter­mi­na­tion of medium-term mea­sures that are gen­eral enough so as not to cause a po­lit­i­cal prob­lem in Ger­many but spe­cific enough... so as to sat­isfy the IMF in the ef­fort that is un­der way to pro­duce a pos­i­tive debt sus­tain­abil­ity re­port.”

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