Tsakalotos, Chouliarakis, Papadimitriou in Washington – Greek FinMin’s Program

FILE - Greek Finance Minister Euclid Tsakalotos, left, is talking with the EU Economic and Financial Affairs, Taxation and Customs Commissioner Pierre Moscovici in Brussels, Monday, Feb. 20, 2017. (AP Photo/Thierry Monasse)

ATHENS (ANA) – Finance Minister Euclid Tsakalotos and Alternate Finance Minister George Chouliarakis on Thursday will depart for Washington where the 2017 spring meetings of the World Bank Group and the International Monetary Fund will take place.

The Greek ministers hope that a compromise between the Europeans and the Fund on the debt issue will be reached on the sidelines of the meetings.

Greece is expected to focus on the 2016 primary surplus which is seen over 3.5 pct of GDP.

During the contacts in Washington, the green light is expected to be given for the return of the institutions in Athens next Monday-Tuesday so that the staff level agreement is concluded and the overall package (measures, offset measures, primary surpluses, medium-term measures on debt) gets well on track.

According to the government roadmap, the next steps are:

1. Conclusion of the staff level agreement (SLA) that includes reforms as well as negative and positive measures for 2019-2010.
2. Determination of the medium-term measures on the debt that will be implemented after the end of the programme (September 2018). The measures on the debt and the IMF debt sustainability analysis are a necessary precondition for the Fund’s participation in the programme.
3. After the implementation of the medium-term measures on the debt, the measures and the offset measures provided in the Malta agreement of April 1 will also be implemented.
The government’s aim is to have everything concluded by the Eurogroup on May 22 (including the medium-term measures on the debt) so that the road opens for the participation in the ECB quantitative easing programme.

Greek FinMin Tsakalotos’ Program in Washington

Finance Minister Euclid Tsakalotos, Alternate Finance Minister George Chouliarakis and Economy Minister Dimitris Papadimitriou will be in Washington on Thursday for the 2017 spring meetings of the World Bank Group and the International Monetary Fund.

On the sidelines of the meetings, Tsakalotos will have a series of contacts on the medium-term measures on the debt and the primary surpluses.

According to the Finance ministry, Tsakalotos’ programme is the following (local time):

Friday, April 21
-09:00, Christine Lagarde, IMF managing director.
-09:30, Jeroen Dijsselbloem, Eurogroup president.
-13:10, Wolfgang Schaeuble, German Finance Minister.
-13:45, Μichel Sapin, French Finance Minister.

Saturday, April 22
-13.40, Andy Baukol, acting Deputy Secretary of the Treasury.
-14.30, Pierre Moscovici, EU Commissioner for Financial Affairs.
-17.15, Poul Thomsen, head of IMF European department.

Prime Minister Alexis Tsipras held a meeting with key cabinet ministers at Maximos Mansion on Wednesday ahead of the Spring Meetings of the IMF and the World Bank in Washington D.C. on April 21-23.

Finance Minister Euclid Tsakalotos, Economy Minister Dimitri Papadimitriou, Labour Minister Efi Achtsioglou, Government VP Yiannis Dragasakis and Alternate Finance Minister George Chouliarakis participated in the meeting.

Tsakalotos, Papadimitriou and Chouliarakis will be in Washington DC on Thursday where they will hold preliminary talks on Greece’s debt load, on the sidelines of the Spring Meetings.

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