The heads of the institutions will meet on Wednesday evening in Brussels to reach common ground on the Greek program and “unblock” the review procedure.
Wednesday’s meeting has been arranged in order to help bring Europe and the IMF closer following the recent and fruitless Euro Working Group. The aim is to jump start procedures, so that the institutions return to Athens and conclude the bailout review.
According to EU sources, the European Commission and the IMF still disagree on the fiscal gap until 2018. Therefore, the EuroWorking Group advised the heads of the representatives to make another effort to achieve convergence before the Eurogroup on March 7 so that the program review starts as soon as possible.
Reports suggest that Poul Thomsen will also participate in the meeting, along with Eurogroup and other creditor officials.
The Minister of Finance Euclid Tsakalotos is scheduled to appear before the European Parliament’s Financial Affairs Committee, with Greek government sources hinting towards the possibility of further political contacts.
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