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Apr 10, 2017 | 13:13 GMT

Germany: Merkel, IMF Director Set To Meet In Berlin

German Chancellor Angela Merkel is set to meet with Christine Lagarde, the managing director of the International Monetary Fund (IMF), in Berlin on April 10, Kathimerini reported. The meeting is expected to focus on debt relief for Greece and the IMF's participation in the Greek bailout. German Finance Minister Wolfgang Schaeuble has repeatedly said that the bailout program can only continue if the IMF joins. The same thing applies for the disbursement of funds to Athens. The meeting comes just three days after Greece and its creditors agreed on reforms that will have to be implemented in the coming years. So far, the IMF has refused to join the Greek government for two reasons. First, it did not share the policies supported by the European Union. Moreover, the fund demanded debt relief for Greece. Yet, according to the Eurogroup, the IMF now supports the policies agreed to with Greece, so debt relief is the major obstacle for the fund's participation in the bailout. Though Germany may promise to discuss the issue, no real measures from Berlin should be expected at least until Germany's general election in September.

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