Germany and the International Monetary Fund (IMF) are still expressing different views on the issue of Greece’s debt. Berlin insists that the mechanism that will link annual payments for debt servicing with the growth rate of Greece’s economy should not be automatic, as requested by the IMF. Germany wishes that the mechanism is triggered with the approval of parliaments, while the IMF insists that the mechanism should be simple and should not call for the approval of parliaments in order to be effective.

“We really need an agreement in the Eurogroup next week,” Director of the IMF’s European Department Poul Thomsen stated, adding, “The time is up, but if we reach an agreement in May’s Eurogroup, we will have plenty of time to trigger the program.”

 

Translation: Eleni Gogou