The evaluation of the progress of Greece’s bailout program seems to be delayed further after Monday’s Euro Working Group ended without an agreement on when the lenders’ mission chiefs will return to Athens.
During a reportedly tense meeting, the differences between the Greek side and creditors remained. The different projections for the fiscal gap to 2018 remains a thorny issue in the negotiations.
According to a Kathimerini daily report, Alternate Finance Minister Giorgos Chouliarakis had a heated exchange with the International Monetary Fund’s Delia Velculescu during the Brussels meeting.
The standoff at the EWG suggests that the return of the mission chiefs — who reportedly met in Frankfurt over the weekend — to Greece this week is unlikely.
On Monday there was a meeting between European Economic Affairs Commissioner Pierre Moscovici, IMF Managing Director Christine Lagarde and European Central Bank President Mario Draghi on the sidelines of the recent G20 conference.
Allegedly, European creditors urge the IMF to expedite the mission chiefs return to Athens due to fears of letting the bailout negotiations drag at the same time that the refugee crisis is getting out of control.
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