Juncker heralds MoU exit but fails to add clarity during Athens visit
Lenders still aiming for completion of fourth review in May
After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
Debt, fiscal path still divide lenders ahead of Washington Group meeting
Ahead of IMF Spring Meetings, questions remain about conclusion of programme
Athens presents growth plan outline as lenders continue to differ on debt relief
IMF insists fiscal targets unrealistic, cites historical evidence to support case
From the start of Greece’s third European Stability Mechanism, programme in the summer of 2015, the International Monetary Fund had been calling for realistic assumptions in the assessment of Greece’s debt sustainability.
One of those assumptions, which still separates the Fund and eurozone creditors and keeps the IMF on the sidelines, is the combination of the duration and the scale of the primary surpluses that Greece has to maintain.
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