German media claims the “IMF wants pension cuts and a VAT hike”

The German press agency DPA has reported that the International Monetary Find has demanded pension cuts and an increase…

The German press agency DPA has reported that the International Monetary Find has demanded pension cuts and an increase of the VAT rate from the Greek government.

The revelation came after Sunday’s meeting between Finance Minister Yanis Varoufakis with the IMF director Christine Lagarde in Washington, where the Greek official provided assurances that Greek would fulfill its obligations for payments and reforms.

DPA cites sources from the Greek Ministry of Finances, according to which Athens is trying to convince the IMF to not insist upon the controversial cuts as a prerequisite for further aid.

Meanwhile, the German report specifies that the IMF has asked for cuts in pensions and an increase of the VAT rate, when Greece’s European creditors appear to be more “flexible” in their demands.

Finally, the German media notes that the negotiations between Greece and its creditors will escalate this week.

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