Tsipras to meet Hollande and Schulz in France

All sides must remain calm, stated on his part Economics Affairs Commissioner Pierre Moscovici, after the decision of the government to table a draft law regarding income tax and social security, ahead of a possible agreement with lenders.
Greek debt is highly non viable, the IMF notes in a report seen by Reuters news agency.
In an interview Tuesday, Klaus Regling, managing director of the European Stability Mechanism, played down delays in negotiations between Athens and its international creditors—representing eurozone governments and the International Monetary Fund—and said the talks could conclude within the next month, clearing the way for politically sensitive talks for debt relief to start.
“We are dealing with politically difficult issues like pension reform, income-tax reform, nonperforming loans of the banking sector. Under the best of circumstances these are technically and politically difficult issues,” he said.
“But I think it is not unrealistic to expect that over the next four weeks this is going to conclude,” Mr. Regling said.
But Mr. Regling played down the extent of debt relief Greece might get, in a sign of the deep divisions between the country’s European creditors and the IMF over the amount of relief needed.
Asked whether any debt deal for Greece would be conditional on the country implementing further reforms, the bailout fund chief said that option would be possible, but he cautioned that “as we don’t know today whether debt relief is needed or how much is needed, it is very hard to now give any clear indication where the balance then would be.”
Still, Mr. Regling said that while Greece is affected by the continuing migration crisis, this wouldn’t have an impact on the reforms demanded by its creditors. He added that while the help Athens receives to deal with the financial crisis is unconditional, the loans it gets from its creditors are granted only if the country implements reforms that were agreed upon to bring the Greek economy back on a sustainable growth path.
“Everybody is very careful not to mix the two,” he said.