Bremmer’s outlook on the IMF’s ability to support the deal is related to the International Monetary Fund report last week that said Greece would need debt restructuring, something the current bailout isn’t explicitly contemplating.
“There is no formal process under way”, the report said. It lists the potential buyers as Axel Springer, the German media conglomerate (and POLITICO Europe partner), as well as “investors in Europe, the Middle East and Asia”.
The first big development Friday was the news that German lawmakers, in the wake of their Austrian counterparts, voted 439-119 in favor of opening detailed discussions on the bailout package.
A final count showed 229 members of parliament out of 300 voted in favour of the measures, which included sweeping changes to Greece’s taxes, pensions and labour rules.
This would outpace the growth of oil supply from non-Opec sources and ultra-light oils such as condensate, increasing demand for Opec crude oil, it said.
Demand growth globally for oil should outpace any oil supply increase from sources that are non-OPEC and the ultra light oils like condensate, increasing the consumption of OPEC crude.
The dissenters’ decision, Tsipras said, forced him to continue governing with a minority government until Greece’s bailout deal is concluded – something expected to take a month or more. “But I believe we will be able to resolve them”.
Greek lawmakers have approved a government motion seeking authorization for reform proposals as a basis for negotiations for a third bailout in talks with global creditors this weekend.