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Tsipras changes course and makes autumn new milestone

Tsipras changes course and makes autumn new milestone

The government’s mistakes in communication on the issue of talks on the second review of the Greek rescue program appear to have been realized by the Greek administration, with Alexis Tsipras seeking solutions to conclude the review elsewhere.

 

Recently, following the meetings Euclid Tsakalotos held in Frankfurt with Mario Draghi, which were not leaked by any side but did occur as IBNA understands, and with the ECB’s Benoit Coeure, the EU’s Declan Costello and the ESM’s Nicola Giammarioli, on the sidelines of the Economist conference, government leaks regarding the course of negotiations have been reduced to a minimum.

 

The ECB, EU and ESM were on the same line in their talks with Euclid Tsakalotos; the main message being “you should take care of the work you must take care of”, making it clear that the remaining prior actions must be legislated. The Greek government will do this on Friday, tabling an amendment in parliament containing the rest of the prior actions necessary to conclude the review.

 

On the other hand, talks involving the Prime Minister and other parties on the Greek side continue in absolute secrecy in the background.

 

Developments show that these efforts have perhaps succeeded, considering that Christine Lagarde will participate in the 15 June Eurogroup meeting, giving it a different dimension.

 

Speaking at the Concordia Europe Summit 2017, Alexis Tsipras did not hesitate to request a political solution to the question of closing the second review so that Greece can move forward, while at the same time putting blame on the EU and institutions. “The only thing that ultimately everyone is waiting for is a signal from the political leadership of Europe, and the institutions, that investors can trust Greece again”, the Greek PM noted.

Alexis Tsipras has now recognized that the issue of reducing Greece’s debt will be discussed after the German elections. The silence of all German parties makes it clear that no one will raise the Greek debt issue amid the pre-election period, as long as forecasts are not yet clear as to the new political landscape that will emerge.

 

However, the US factor must not be ignored, nor is the meeting a few days ago between Greek Foreign Minister Nikos Kotzias and the American Ambassador to Athens, Jeffrey Pyatt, insignificant. It is not just regional developments in the wider region that concern the US government, but it also attaches great importance to the stability of Greece, as a pillar that is important to US plans.

 

Many analysts often forget the geopolitical and geostrategic importance of Greece. The active and outward-looking foreign policy of Greece has yielded significant value, which will be clear the day after the review has been concluded and investment funds will flow to Greece, thus shaping a new landscape.

 

The 15th and 22-23 June will not be the final deadlines for the discussion of debt relief; this will come in the autumn. But, the compromise that will be struck either at the Eurogroup or the EU Council meeting, will not make the disbursement of the next tranche a problem, thus allowing the government to repay debts maturing in July.

 

Finally, in Germany, talks have already begun to replace Wolfgang Schäuble as Finance Minister. These will be amplified after tax evasion and tax avoidance scandals involving German companies and banks come under the spotlight./ΙΒΝΑ

 

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