Angela Merkel to visit Greece on April 11

Angela Merkel to visit Greece on April 11

 

By Spiros Sideris – Athens

Chancellor of Germany, Angela Merkel, is expected to visit Athens, according to a report in the german newspaper Suddeutsche Zeitung.

The purpose of the visit is to support the reforms of Greek prime minister, Antonis Samaras, who according to German media reports is under internal political pressure.

Merkel’s long rumored visit in the context of the Greek Presidency is considered a movement of support to the government and the prime minister Antonis Samaras, in sight of the coming elections.

Mrs Merkel reportedly expected to herald the upcoming cuts to the greek debt, something which of course Athens is very keen on hearing. This will mark a new chapter in the book about the Greek crisis, and what will be agreed will signal the passage to another era .

The question of course is whether this new era will include a new memorandum, one which will be charted with the gradual exit to the markets in mind.

Athens and Berlin are planning, after the elections, to put on the table the issue of the clipping of the debt. Samaras yesterday spoke openly about a “haircut” of part of the greek debt, reminding W. Schäuble of his responsibilities.

The truth of the matter is that talks on this very critical issue are not very advanced, but executives close to the prime minister point out that the greek government is planning to place the issue high on the agenda in the coming period.

Now Greece is preparing to return to the markets and start playing on their own terms. If they acjieve this goal, there is even the possibly of exiting from the memoranda.