Tsakalotos: IMF’s requirements are sidelining European and democratic values

epa05271960 Greek Finance minister Euclid Tsakalotos prior to the meeting of the Eurozone Finance Ministers at the Scheepvaartmuseum in Amsterdam, The Netherlands, 22 April 2016. Eurozone ministers met to discuss the Greek bailout and the Panama Papers fallout. EPA/BART MAAT

The demands put forward by the International Monetary Fund (IMF) which require that Greece legislates now for measures that will be implemented after the end of the current bailout program are sidelining democratic values, Finance Minister Euclid Tsakalotos said on Thursday, after a Eurogroup meeting in Brussels.

“You cannot request a country to legislate for what it will do as of 2019. In this way, European and democratic values are sidelined,” the minister said, noting that this would commit future governments of a European country.

Speaking about the meeting, Tsakalotos said all participants recognized that Greece has made great progress and that the Greek economy can achieve growth. “In all the meetings, we found common ground. Greek growth is doing much better than many expected,” he said. Commenting on the pending program review, he said everyone noted the importance of reaching a solution quickly. He then asked to consider the IMF’s demand for legislating precautionary measures that concern the period after 2018, saying if the country is making such progress, “new measures are not so necessary”.