German FinMin leaves open room for IMF disengagement

Friday, January 13th, 2017
Last Update: 09:28
In an interview with Suddeutsche Zeitung, the German FinMin left open the possibility of the IMF disengaging from the Greek program but flagged that in this case, a new program would need to be negotiated with the EU and the ESM. In addition, if the structure of the program were to change, this would require an approval by the German Parliament.

Furthermore, the IMF spokesman reiterated yesterday the well-known fund views that the legislated measures will result in a primary surplus of no more than 1.5%, calling for additional measures if fiscal targets are set higher.

As far as the IMF debt sustainabiliy projections are concerned, the Fund will be publishing its updated DSA report in the coming weeks.

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