Greek Government plans after Thursday’s voting of measures

The Greek Government next steps, after the voting of the measures with the prerequisites of the second evaluation, are planned by the Greek Prime Minister Alexis Tsipras.

The PM appears particularly optimistic about reaching a comprehensive agreement and tells journalists that he is ready to even wear a tie, in order to demonstrate that his goal of Greece exiting the economic crisis has begun to be achieved.

Greek Government states that it has more than 50 pct. chances of closing the agreement in Eurogroup meeting next Monday on the 22nd of May. Government officials state that if this is not feasible, then it is a matter of days – at the latest in early June – to come up with a definitive solution.

What the Greek side expects is a compromise between the German Finance Ministry and the International Monetary Fund (IMF) in order to accomplish a special focus on the presentation of medium – term debt measure that will satisfy all parties.

IMF Chief Executive, Christine Lagarde, in her recent meeting with Alexis Tsipras in Beijing, said that the Fund will not participate in the program unless there was a quantification of debt measures and the Greek PM replied that in this the measures voted by the Greek Parliament will not be applied. Tsipras new warning was directed not only to his party SYRIZA and Greek society but also to the institutions who should be prepared to cope immediately with a possible IMF withdrawal.

The Government’s major goal is Greece to enter economic markets, which can be done by the end of July or early August 2017, with European Central Bank (ECB) and Mario Draghi having lit up the green light for Greece to enter the quantitative easing program.

Government officials believe that after the adaptation of the measures and the counter-measures, they have the moral advantage over the main opposition that also voted against the positive measures by choosing to submit their own countermeasure proposal.

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