The nonpaper of the Greek government regarding the state of negotiations

The Greek Analyst

Non paper of the Greek government on the current state of the negotiations.

May 5, 2015

  1. The serious disagreements and contradictions between the IMF and the EU are creating obstacles in the negotiations, as well as high risks. While until recently the main argument of the institutions was that the Greek side did not submit complete proposals, now it is clear that proposals have indeed been submitted and that there have been substantial concessions towards the direction of an “honorable compromise.”
  1. The difference of strategy, however, between the institutions is creating obstacles.
    • The IMF puts its red lines on the reforms, especially on pension and labour reforms, while it has loose lines on the topic of the primary surplus. On the back of the mind of the IMF lies the thought of debt write off, so that this can be rendered sustainable.
    • On the contrary, the European Commission has red…

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