EU official: Political decisions from Athens could solve deadlock

EPA / FOTIS PLEGAS G.

A demonstrator waves a European flag during a pro euro rally in front of the Greek Parliament in Athens Greece, 09 July 2015.

EU official: Political decisions from Athens could solve deadlock


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“Wrapping up technical work can be done very very rapidly,” suggested an EU official, familiar with the Eurogroup talks on Tuesday, ahead of Friday’s 7 April meeting that is scheduled to take place in Malta.

At the same time, ministers of finance and labour are flying from Athens to Brussels, attempting to change the heavy atmosphere ahead of April’s eurozone finance ministers meet-up.

“Political decisions have to be taken,” said the EU official. Tax reform and pension reform issues remain on the table, while energy issues have been agreed upon, according to the EU official’s knowledge.

Greece will be the fourth out of five items on the meeting’s 9-12 agenda.

IMF spring meetings are not the right place for extensive talks

As for the International Monetary Fund (IMF) 21-23 April Spring Meetings in Washington, the EU official insists that time is problematic and that the 30-minute meetings cannot accommodate serious talks over complicated issues. “Meetings are very tight and strictly defined,” said the official.

No talks for July

“The compelling economic and political reasoning to coming to a rapid conclusion for the review has not changed,” added the EU official. “It is not fruitful to speculate for July, this would be extremely detrimental for the economy of Greece.”

The EU official’s take on rumors and scenarios over Greece’s attempt to position the time for political decisions after July and German elections is not helping: ”It is totally fruitless to speculate on such issues because the economy will be at such a state that all parameters will need to be revisited.”

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