Lagarde And Merkel to Meet Over Greece’s Debt

Lagarde And Merkel to Meet Over Greece’s Debt

lagarde-merkel-GreeceManaging Director of the International Monetary Fund (IMF) Christine Lagarde and German Chancellor Angela Merkel are to hold a meeting in Washington on May 2 on the financial situation in the broader European Union and eurozone, while also addressing the Greek financial crisis and the possible negotiations over relieving some of Greece’s debt burden.

The meeting between the two powerful women is to take place at the headquarters of the IMF in Washington and is part of a scheduled visit by the German head of government to the U.S. capital, where she is to meet also with U.S. President Barack Obama.

Topics expected to top the agenda of talks are repeated warnings by the IMF of the risks posed by worryingly low inflation rates along the eurozone.

The possibility of commencing talks on the Greek debt relief is also expected to be discussed by Lagarde and Merkel, following Eurostat’s confirmation on Wednesday of Greece’s primary surplus of €1.5 billion for 2013, which was set as a condition by Greece’s EU and international partners for the launch of talks on the matter.