Although both the Troika and the Greek government wish to reach an agreement on the first evaluation of the progress of the bailout deal, the differences between the two sides are not easy to bridge
Beside the technical differences which the negotiating officials wish to cover in two new documents that are being prepared, the next political decisions are expected to be covered in the next Eurogroup on April 22.
According to the bailout agreement that the Greek government signed with the EU and the IMF, the country will have to achieve measures of 5.4 bn euros within the next 3 years. In essence, 1.1 bn euros will have to be found by the Greek economy every year until 2018.
It is a common secret that the Troika is constantly pushing for further measures while the government is following a well known tactic where they deny that they will give in to any of the lender's demands.
Among the main, unresolved issues, are the measures and cuts that will have to be taken on the public insurance expenses as well as the pension schemes.
The latest “spat” between the Greek government and the IMF has not been forgotten. The incident begun with the leak, by the Wikileaks, of a conversation between two top IMF officials. An exchange of letters between the Greek PM and the head of the IMF followed.
Athens claims that the IMF insists on following a “stupid” tactic where it constantly pushes for heavy cuts. Mr.Lagarde recently stated that the Greek insurance system is “heading for the rocks”. Still, the IMF insists that a haircut of the Greek debt is necessary if the bailout of the country is to succeed. The European lenders vehemently deny any such possibility.
The head of the Eurogroup, J.Djisselbloem, spoke to a committee of the Dutch parliament where he stated that his purpose is to avoid a new Greek crisis.