The evaluation of the Greek plan will not be completed in time for the next Eurogroup scheduled in Brussels for February 20, said Eurogroup President Jeroen Dijsselbloem, as reported by Reuters. He noted that the participation of the International Monetary Fund remains essential for the continuation of the Greek program. The crisis in Greece is not acute underlined the Dutch finance minister.The same assessment was made by the think tank Eurasia Group, forecasting a “political solution” as a more likely possibility rather than a staff level agreement. However, in the case that there is no political agreement this coming Monday, discussions on the second evaluation are expected to string along until April or even May.
Eurogroup Announcement
Regarding the meeting scheduled for February 20, the Eurogroup announced that the assessment of the Greek program’s implementation is underway, focusing on projects to promote the second assessment; this is based on reports prepared by the institutions (EU, ECB, ESM and IMF).
The official Eurogroup announcement reads as follows:
The Eurogroup will take stock of the ongoing implementation of Greece’s macroeconomic adjustment programme, focusing on plans to carry forward the second review of the programme. Reviews are carried out by the staff of the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund.
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