No decisions yet regarding Greece’s debt, German FinMIn spox says

There are no prior commitments or decisions regarding Greece’s debt as yet, the German finance ministry’s spokesman Dennis Kolberg said on Wednesday. The issue at the moment was to complete the fourth review of the Greek programme and decide the post-programme arrangements, he added.

The euro area finance ministers were briefed on the current situation regarding the Greek programme by the institutions in Sofia, he pointed out, and a number of things remained to be done to complete the fourth review.

“There is also the issue of how we will proceed after the end of the programme, and whether it might be necessary to adopt measures for the debt,” he added, while noting that nothing has been decided yet.

“Germany is in talks with its partners, the Eurogroup and the other international institutions and the decisions will be made on time, before the end of the programme,” Kolberg said.

Questioned about the participation of the International Monetary Fund (IMF) in the Greek programme, the spokesman said that the IMF was already participating in the surveillance of the current European Stability Mechanism (ESM) programme and on July 20, 2017 had decided on its own programme.

The disbursement of this IMF programme, he added, meant that Greece had to meet certain requirements and that its debt had to be sustainable in the IMF’s view. “These are the discussions we are holding at the moment but I am not in a position to announce any results to you at this time,” Kolberg added.