WikiLeaks leaked Thomsen & Velculescu talks about Greece

Τα πρακτικά της συνομιλίας του διευθυντή Ευρωπαϊκών Υποθέσεων του ΔΝΤ, Poul Thomsen με την επικεφαλής της αποστολής Delia Velculescu και την υπεύθυνη της τεχνικής ομάδας του Ταμείου Iva Petrova, δημοσιεύει ο ιστότοπος , putting "fire" in the assessment negotiation, which is expected to start on Monday. wikileaks WikiLeaks WikiLeaks WikiLeaks WikiLeaks WikiLeaks WikiLeaks

The two top IMF executives discuss the Greek program with Paul Thomsen stressing that "I am not going to accept a small measures, they are not going to" while revealing their plan to "bend" Greece and the EU.

According to WikiLeaks, which appears to have taken place on March 19, the IMF intends to say in Germany that it will withdraw from Troikaif the Fund and the Commission fail to agree on the issue of alleviating Greek debt while at the same time they seem hesitant to return to Greece in order to continue the negotiations. 

Read the conversation

Thomsen: The fact that I am worried about is that we set a date for the return of the mission, at a time when we may not have an agreement within the Troika on how to continue

Velculescu: But Paul, you suggested it, so it is very difficult to get back to it

Thomsen: How can we pass this? What are we going to do;

Velculescu: I do not know. Of course I don't want to go back so soon. I do not believe that in two weeks or ten days more progress can be made than we are now. But I believe that in any case we would be stuck in the situation. And I think in the next mission, at least the Europeans are planning ... to have a deadline, right? They plan to end up one way or another until the Spring talks because these supposed talks will take place by the Spring meetings. So I don't know. I feel like this pressure will somehow come back to us, so ... I don't know. I don't see how this can evolve, but we have to come here at some point

Thomsen: But why; I mean, we could… we could have another meeting like the one we had in Brussels and agree on how to proceed

Velculescu: We can do that, and we can have another document, but we know it doesn't work Paul, because these guys agree to something and then the next day the . We've said it again and we know they don't do what they say. It just doesn't work. For them everything is subject to change, if the authorities want it

Thomsen: Can you change it so it doesn't have a specific date? Let's say the beginning of April;

Velculescu: This will be a disaster if I try to do it tomorrow. They will not let us go

Thomsen: Well, they've already let you go, so ... haha

Velculescu: I believe a lot that you should discuss it (with people) at your own level. I mean it will come back ... I think ... I don't know if we can avoid it at this point

Thomsen: Do you mean to come back?

Velculescu: Yes

Petrova: PaI believe it is more important to reinforce the message for the agreement at 2,5% because it does not pass through the Commission. If they insist on this deal, I think April 2 will be fine. But, for your part, returning on that date will really be a disaster

Thomsen: Well, take the responsibility to me, okay. When do you want the mission to finish?

Velculescu: They want to finish ideally by April 8, so one week. Either by 12 or 13. Remember that on April 6 and 7 they want the Washington Group to hold a debt meeting within the Euroworking Group and then…
Thomsen: So it means you have to finish up to 6

Velculescu: No no no. We can report on the progress in the Euroworking Group and basically we need to have this debt debate that will prepare ministers for the following week, when they think of April 15th and 16th, as part of their Spring meetings. So they really want to finish ...

Thomsen: Yes, but the Spring meetings start at midnight in 11. This means you have to finish up to 8 or 9 and get back to that time

Velculescu: We just have to finish by ... no ... at 11 or 12 or somewhere and then fly straight to Washington. And whether we can end up with an agreement or not, I mean we might end up where we are now somehow. And, yes, there will be a lot of pressure and we want to see how we manage it

Thomsen: That's why there's a jam, right

Velculescu:  Exactly, right. That is why we must have it - I agree with you - as soon as possible. The Greek press is full of charges against us, taxes on income and all that every day. The other thing, however, that is not clear to me is how it will end up, this discussion of the goal. 

Thomsen: I'll tell you how it will end up. It is not possible for Member States to accept to lower the target for the program. This means that we will say that does not make any sense

Velculescu: But can we do what you suggested? Do we have two programs with two goals? Even in the medium term?

Thomsen: Yes, if Europeans say the goal is the one that is important for their disbursement of debt relief - but they will not say that

Velculescu: The question is whether they will accept the medium-term objectives for the purpose of the program and our objectives for the purpose of debt alleviation

Thomsen: Wait a minute ... they must definitely accept our debt relief goals. But if you go out will you say that for this year for example you would end up with a, say, -0,5, -1, or something like that?

Velculescu:….-0,5 let's say if they take all the measures

Thomsen: Ok, let's say -0,5 and the Commission will say it will end up with 0 or with + 0,25 or what they have

Velculescu:… +0,5

Thomsen: Yes ... there is no financial plan. Because they take time for something you say won't happen

Velculescu: Yes…

Thomsen: So the program is not funded and is dependent on debt relief… the debt relief is not coming either, because they are not on track to meet the criteria. That's the whole point. Basically they have to agree to set OUR goals at them and then have something in hopes of completing it. 

Velculescu: Yes correctly

Thomsen: They will not agree to that

Velculescu: No. The first question is when this will be discussed. Correctly; Someone has to discuss it. I know Thomas Viseer will set up a telephone conference on 30 this month


Thomsen: Phone conversation with whom?

Velculescu: I think it will be a Euroworking Group. A conference call for Greece ... about the situation or something. Yes, we have to ask Thomas


Thomsen: I mean ... he'll put all the conversations he wants, but I know what will happen. We will go to the Euroworking Group and tell the Eurogroup that "it does not reach 3,5 and we will not move unless the Europeans reduce their targets to 1,5". They're not going to do it. They will say no, they will introduce new measures. That is clear, there is no doubt about it

Velculescu: I do not know if they will say it, that's the issue. They need to take a position on whether they believe our forecasts or the Commission's forecasts


Thomsen: It is clear that they will keep the ball in their court ... and send the mission back

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Written by Dimitris

Dimitris hates on Mondays .....

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