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Greece's bailout program in 2016- differences between the position of Greece and Germany with the IMF position
04/20/2016
The IMF calls for more pension cuts than tax hikes. Greece's new government of centre left Alexis Tsipras wants to minimize the burden on retirees and the poor. Germany sees no problem as long as Greece can maintain sufficient surplus to pay down debt under its bailout program of 2015 with the Tsipras government. Germany maintains that its fairness is reflected in the lower interest rate and repayment terms that extend over many years. After elections in Jan 2015, again in Sept. 2015, and a referendum in July 2015, and a refugee crisis in Europe, much of Europe is weary of facing another debt crisis, so experts see some form of negotiated settlement of differences.
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