‘Washington Group’ to informally discuss Greek debt behind closed doors

According to a report in German newspaper Süddeutsche Zeitung, the Finance Ministers of Germany, France, Italy, Spain and the Netherlands are planning a meeting on Friday with International Monetary Fund representatives to discuss the Greek debt crisis.

Reports in the Greek press point out that that the meeting will be held without the participation of Greek Finance Minister Euclid Tsakalotos or any other official representing the Greek government.

On behalf of the European Central Bank and the European Stability Mechanism, respectively, Benoit Cœuré and Klaus Regling will be present.

According to the report, a compromise will be sought during the meeting concerning the standing IMF demand that Greek primary surplus targets are lowered beyond 2018 and significant debt relief is granted to Greece in order to make the latter sustainable.

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