Greek government faces internal backlash over pick for IMF representative
Christine Lagarde, chief of International Monetary fund or IMF said that Greece made a deal to repay its debt after her assembly with Greek Finance Minister Yanis Varoufakis.
Repaying the IMF debt was country's best interest. "Continuing uncertainty is not in Greece's interest and I welcomed confirmation by the minister that payment owing to the Fund would be forthcoming on April 9th," Lagarde said.
There were rumors that Athens might fail not meeting the 460-million-euro ($683 million) IMF installment if it demands to choose between the IMF and paying government workers.
Greece hast not yet received the rest of the funds cost 240-billion-euro European Union-IMF rescue package just as Brussels demanded to approve first the Greece's revised reform plan.
Ms. Lagarde continues to encourage Athens to talk to Brussels and to "conduct the necessary due diligence in Athens."
In the last two months, Greece had made a little progress. The government reshuffled its team of officials on handling critical debts matter with EU-IMF creditors. The government stated, they will be forming a "political negotiation team" In assistance of junior foreign minister Euclid Tsakalotos, a 55-year-old economics professor.
Greece still tries to negotiate a deal that unlocks the remaining EU-International Monetary Fund in amount of 7.2 billion euros or US$7.8 billion for a possible exit from the euro.
Finance Minister Yanis Varoufakis stands as a lightning rod for judgments at home and overseas on discussions on failing to achieve a result. A survey shows seven out of 10 Greeks wants their leader to attain an agreement with their creditors and gave Mr. Varoufakis an approval rating of 51 percent.
Greece as slowly running out of money should find a deal that compensates with the payment of salaries, pensions and its international capital liabilities.
Meanwhile, Greek Prime Minister Alexis Tsipras faced a backfire from his politically radical legislators over the government's choice for the country's advocate at the International Monetary Fund.
"A prominent representative of bailout policies cannot represent the government," the lawgiver said in a letter posted on a Syriza-affiliated website. "It's not a symbolic but a political issue. It's a wrong decision and we ask that it is taken back."
On greek radio, Syriza's european Parliament lawmaker Dimitris Papadimoulis said "It would be good for the government and the prime minister himself to review the issue."
Panaritis, being considered close to vocal Finance Minister Yanis Varoufakis and affront of her duty was spotted as an indirect offense on the minister, sparking a deep thought about his fate. But Varoufakis neglected the issue by tweeting: "Rumors of my impending resignation are for the umpteenth time grossly premature."
Copyright © MoneyTimes.com