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European Sources Ring the Warning Bell for the Delay of the Evaluation [video]

Negotiations with Creditors
Despite the slight progress in the negotiations between the Greek government and the creditors‘ representatives, Greece could be faced with the risk of bankruptcy and exiting the euro in case the evaluation of the creditor’s program is delayed until June and July, European sources said to Bloomberg news agency.
According to European officials who spoke to Bloomberg, there is still no agreement regarding the pensions, the taxes and the shortfall in the budgets, as well as the loans and the privatizations. The sources say that with all the aforementioned in the “air,” the negotiations are delayed. The IMF is also presented as a “sensitive issue.”
“My odds for another Greek crisis this summer are relatively high,” said Carsten Brzeski — chief economist at ING Diba AG in Frankfurt — to Bloomberg. “Given the extremely slow pace of the implementations, the review, SYRIZA’s loss of popularity in opinion polls and still little appetite for debt relief, the next crisis is already in the making. It’s only a matter of time before it happens,” she added.
After the Wikileaks scandal that broke during the weekend, regarding the conversation between IMF officials Thompsen and Velculescu, IMF Managing Director Christine Lagarde was drawn into a spat with PM Alexis Tsipras, with the later questioning the “good faith” of fund officials engaged in the negotiations.
In response, Lagarde published a letter implying that the Greek government had spied on her team and leaked the document. Bloomberg reports that the transcript shows three fund officials discussing ways to pressure German Chancellor Angela Merkel into conceding to their push for Greek debt relief.

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