“IMF so far is not in the debt measures draft,” suggests EU official, presenting the Monday night situation as rather “difficult”.EU official appeared optimistic before Monday’s Euro Working Group (EWG) concluded, while suggesting that it would be “very very hard to get the International Monetary Fund (IMF) on board,” as Tuesday’s Eurogroup that will have to decide on Greece’s first tranche disbursement, on the third bailout programme.
This difficult situation has also to do with Greece’s decision along with the EU institutions to lay back on privatisations. Greek Finance Minister Euclid Tsakalotos achieved to keep the Public Power Corporation (PPC-DEI), the Independent Power Transmission Operator (ADMIE), the Public Natural Gas Supply Corporation (DEPA), the Athens Water Supply and Sewerage Company (EYDAP) and the Water Supply and Sewerage Company of Thessaloniki (EYATH), together with another 18 state – owned companies out of the new Privatisation and Investment Fund until October 2016, causing the rage of the IMF.
As Tsakalotos infomed the Greek parliament on last weekend’s discussion, Athens Transport – OASA,
Urban Rail Transport – STASY, Urban Buses – OSY, National Railway Company – OSE, Olympic Stadium of Athens – OAKA and Hellenic Post – ELTA are the only companies that have moved to the new fund, together with Xenia Public Resorts’ assets. As a result, Greece received “criticism from many EWG participants, on backtracking EG” regarding privatisations. The negotiation that led a big part of the state – owned companies to stay out of the fund at the moment, remained uncommented from the European Commission since last Friday.
Having this in mind, the EWG would attempt to finalise a draft on all three (shor – medium and long term) Greek debt measures. The meeting started at 15:00 to conclude around midnight, with the poor results that are mentioned above, leaving IMF out of the EWG draft, as EU official confirms.
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