Saturday, April 2, 2016

Grexit: WikiLeaks protocol insecure Greek Government – Times Online

A third loan package for Greece? In discussed again soon; the Greek Government and members of the European Commission, the European Central Bank, the euro rescue fund ESM and the International Monetary Fund (IMF) want to negotiate, can be as debt financed through new loans and reduced by savings or even a waiver of creditors.

Negotiations were however postponed several times in recent weeks – partly because the lenders are not unanimous as to which line they actually want to pursue. An insight into the controversy over the negotiating strategy now provides the platform WikiLeaks. She has published a report on this Saturday, which was obviously recorded on the topic during a telephone conversation of IMF members.

It is unclear who created the log and how to WikiLeaks has come. In the published document can only recognize that in submitting two Spanish e-mail addresses were involved. But whether it is an internal protocol of the IMF or to a secret recording of a third party, is not known. WikiLeaks insured in tweets, you have the authenticity checked.

The Greek government at least take the IMF recording obviously serious. Prime Minister Alexis Tsipras called on Saturday his ministers to a special meeting, as Greek media report.

The call therefore took place on 19 March. In it talked Poul Thomsen, the European head of the IMF, with the chief negotiator of the IMF in Greece, Delia Velculescu – which is written in the document consistent with K instead of C – and budget expert Iva Petrova

Visible are in the log mainly two things:. the negotiating strategy of the IMF and the distrust of its members to the commitments of the Greek government and those of European lenders

at one point calls Thomsen, it should best be another meeting of negotiators, as well as in Brussels. There should then be discussed, such as the common strategy loud. Then says Velculescu: “We can do that, and we can have another document remotely, but we know it does not work Poul, Because these guys agree on something and Then They give it up the next day.”

you mean by that probably European Commission, Central Bank and the euro bailout fund, when she says these partners the Troika would agree to such negotiations always, the Promised but then the next day to take back. In the further course she also says the other three would not like the IMF to cancel the negotiations in order to put pressure on Greece: “We have Said this time and again, we know thatthey do not do what we say :. did we get up and leave together “

Merkel before the election put

Originally there were three negotiators , hence the term Troika. The ESM came later added fourth. That there are inconsistencies within the Troika, is no secret. So it is debatable whether Greece part of its debts should be adopted. The IMF is that at least the European creditors Greece adopted a portion of its debt, but wants to see fully repaid the own loans. The planned third loan package for Greece, he just wants to join in, if that does happen. Among other things Germany is adamantly opposed, and not to adopt debt. While the IMF’s spring meeting in two weeks will be negotiated about actually.

therefore To Angela Merkel, it is also in the recording. Thomsen hopes under the Protocol, that Merkel could be more prepared by the cost of the refugee crisis to share the line from the IMF, which she refuses to date. Haircut and cooperation with the IMF or no haircut but for no more IMF troika and thus higher costs for the other negotiators that this is the choice, the one must ask Merkel.

For the Chancellor is rather annoying, the Bundestag had yet approved the third package of loans for Greece only on condition that the IMF is. And the federal government had repeatedly promised that no debt shall be adopted.



Tsipras will consult IMF Leak

However decide the three IMF staff, their call was recorded there, not what the IMF does ultimately. There are therefore mainly traceable simulations, which were discussed there. Who now published and for what purpose is unclear.

The Greek government will now apparently once the IMF ask what the leak means and whether it reflects the official position of the Fund. Greek media reports, Prime Minister Tsipras will a corresponding letter to Christine Lagarde write, the Managing Director of the IMF.

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