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Delivered-To: john.podesta@gmail.com Received: by 10.25.43.10 with SMTP id r10csp917766lfr; Sun, 12 Jul 2015 07:46:42 -0700 (PDT) X-Received: by 10.50.87.38 with SMTP id u6mr8002437igz.39.1436712401435; Sun, 12 Jul 2015 07:46:41 -0700 (PDT) Return-Path: <ami@presidentclinton.com> Received: from s12p02o148.mxlogic.net (s12p02o148.mxlogic.net. [208.65.145.71]) by mx.google.com with ESMTPS id i10si12054817icx.60.2015.07.12.07.46.39 for <John.podesta@gmail.com> (version=TLSv1.2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128); Sun, 12 Jul 2015 07:46:41 -0700 (PDT) Received-SPF: neutral (google.com: 208.65.145.71 is neither permitted nor denied by best guess record for domain of ami@presidentclinton.com) client-ip=208.65.145.71; Authentication-Results: mx.google.com; spf=neutral (google.com: 208.65.145.71 is neither permitted nor denied by best guess record for domain of ami@presidentclinton.com) smtp.mail=ami@presidentclinton.com Received: from unknown [64.74.242.122] (EHLO mail.clintonemail.com) by s12p02o148.mxlogic.net(mxl_mta-8.4.0-1) over TLS secured channel with ESMTP id fcd72a55.0.2773508.00-254.6857440.s12p02o148.mxlogic.net (envelope-from <ami@presidentclinton.com>); Sun, 12 Jul 2015 08:46:40 -0600 (MDT) X-MXL-Hash: 55a27dd06adf32ed-d5a0d20159b33d44468d75a5d7896be89df1637a Received: from CESC-EXCH01.clinton.local ([fe80::2de5:d8da:800c:9fc4]) by CESC-EXCH01.clinton.local ([fe80::2de5:d8da:800c:9fc4%14]) with mapi id 14.02.0387.000; Sun, 12 Jul 2015 10:44:52 -0400 From: Amitabh Desai <ami@presidentclinton.com> To: DMCOS <DMCOS@who.eop.gov> CC: Jon Davidson <Jon@presidentclinton.com>, "John.podesta@gmail.com" <John.podesta@gmail.com>, Tina Flournoy <Tina@presidentclinton.com>, =?windows-1252?Q?Wang=2C=0D=0A_Ya_W._EOP?= <Ya_W_Wang@who.eop.gov> Subject: Re: WJC / Greece / Merkel Thread-Topic: WJC / Greece / Merkel Thread-Index: AdC7RCpDwB/kK6DRRhCVq6THkABmZwADLO0VAAFAoAAAJeucmAAAGKfBAAWkbUcACIDo0QAI1LBKABndbHM= Date: Sun, 12 Jul 2015 14:44:51 +0000 Message-ID: <15A96C1D-1427-45D8-A129-5490FDB0A010@presidentclinton.com> References: <DDCFD5559832FC4B976F13453D0A0A6A0A07B12D@CN-399-EXCH1.whca.mil>,<DDCFD5559832FC4B976F13453D0A0A6A0A07B23B@CN-399-EXCH1.whca.mil> In-Reply-To: <DDCFD5559832FC4B976F13453D0A0A6A0A07B23B@CN-399-EXCH1.whca.mil> Accept-Language: en-US Content-Language: en-US X-MS-Has-Attach: X-MS-TNEF-Correlator: Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable MIME-Version: 1.0 X-AnalysisOut: [v=2.1 cv=Aq/63YNP c=1 sm=1 tr=0 a=lWaCaaTd1tIBQFb89xQ1Hg==] X-AnalysisOut: [:117 a=lWaCaaTd1tIBQFb89xQ1Hg==:17 a=kS8a_5sYAAAA:8 a=YtYA] X-AnalysisOut: [UljIAAAA:8 a=YlVTAMxIAAAA:8 a=N659UExz7-8A:10 a=xqWC_Br6kY] X-AnalysisOut: [4A:10 a=zOBTXjUuO1YA:10 a=pGLkceISAAAA:8 a=0YcOmBT0IVNk9Az] X-AnalysisOut: [sYCEA:9 a=Ew6eQ4dPuW7tcAAm:21 a=f6MxIzesb_lrZxDt:21 a=pILN] X-AnalysisOut: [OxqGKmIA:10 a=yMAzDI5v6E4A:10 a=tHXKnr403cIA:10 a=S96WAZ-K] X-AnalysisOut: [de8A:10] X-Spam: [F=0.5100000000; CM=0.500; MH=0.510(2015071207); S=0.200(2014051901)] X-MAIL-FROM: <ami@presidentclinton.com> X-SOURCE-IP: [64.74.242.122] Denis, I can share a quick update with you or whoever you recommend at your= convenience.=20 WJC and Tsipras couldn't connect this morning because Tsipras already had e= ntered some discussions but we got some feedback from him.=20 +1-917-488-1397=20 > On Jul 11, 2015, at 10:23 PM, DMCOS <DMCOS@who.eop.gov> wrote: >=20 > Ami,=20 >=20 > A short update on where we assess the Greece situation to stand.=20 >=20 > Denis.=20 >=20 > ------ >=20 > Eurozone Finance Ministers concluded a 9 hour meeting at around midnight = European time, and will reconvene at 11 am tomorrow morning. The 18 Eurozon= e leaders will meet on Sunday at 4pm, followed by a meeting of the 28 EU le= aders at 6pm. Some members of the Eurogroup were pushing for a conclusion = that would have given a mandate to begin formal negotiations; but other mem= ber states, particularly the Germans and the Finns, refused to sign on. Ma= ny countries remain concerned about the =8080 billion financing gap identif= ied by the IMF as Greece=92s needs over the next 3 years. =20 >=20 > A document has surfaced in the press allegedly summarizing a hard line Ge= rman position that Greece must either commit to additional reforms and put = aside assets in escrow for later privatization or else leave the Eurozone f= or five years. While officials have not acknowledged the veracity of the do= cument, its contents match positions that the German finance ministry has t= aken in the past, and hence it underscores Chancellor Merkel=92s challenge = in managing her own domestic politics surrounding Greece. Importantly, how= ever, we are hearing that most of Greece=92s European creditors have now ac= cepted that debt relief will be necessary in any new program, though report= edly a number of countries are concerned about the magnitude of this relief= . The most likely option is extending the maturity of Greece=92s debt and = further reducing interest rates, as Germany has indicated that providing ou= tright nominal hair-cuts is a redline. For the Greeks, this will make passi= ng and implementing reform more palatable, but for Greece=92s European cred= itors it will further complicate the politics of providing Greece with a th= ird program. >=20 >=20 >=20 > ----- Original Message ----- > From: DMCOS > Sent: Saturday, July 11, 2015 06:11 PM > To: 'ami@presidentclinton.com' <ami@presidentclinton.com> > Cc: 'Jon@presidentclinton.com' <Jon@presidentclinton.com>; 'John.podesta@= gmail.com' <John.podesta@gmail.com>; 'Tina@presidentclinton.com' <Tina@pres= identclinton.com>; Wang, Ya W. EOP > Subject: Re: WJC / Greece / Merkel >=20 > Ami,=20 >=20 > I'll send an update on the situation tonight. Meanwhile, our team suggest= s very slight tweaks to the points, as follows: >=20 >=20 > 1) The PM should stay calm and engaged even if his interlocutors at times= seem to make unreasonable demands. >=20 > 2) An underscoring of the importance of staying in Euro for both geopolit= ical and economic reasons. >=20 > 3) A recognition that debt re-profiling is an important win for Greece an= d for growth, beyond what the PM's predecessors were able to achieve. >=20 > 4) Advice that to build trust and show Greece's ability and willingness t= o implement reforms, important to move as quickly as possible to pass key r= eforms through the parliament in the coming days. >=20 > 5) And a reminder that it is important to be mindful that Merkel and othe= r European leaders also have political constraints in their democracies and= need strong evidence that the Greece is committed to reform and willing to= be flexible. >=20 >=20 > ----- Original Message ----- > From: Amitabh Desai [mailto:ami@presidentclinton.com] > Sent: Saturday, July 11, 2015 02:07 PM > To: DMCOS > Cc: Jon Davidson <Jon@presidentclinton.com>; John.podesta@gmail.com <John= .podesta@gmail.com>; Tina Flournoy <Tina@presidentclinton.com>; Wang, Ya W.= EOP > Subject: Re: WJC / Greece / Merkel >=20 > WJC's meetings ran longer than expected and we missed Tsipras' window tod= ay. We'll try tomorrow from New York. Same talking points?=20 >=20 >> On Jul 11, 2015, at 5:25 PM, DMCOS <DMCOS@who.eop.gov> wrote: >>=20 >> Thanks very much, Ami.=20 >>=20 >> ----- Original Message ----- >> From: Amitabh Desai [mailto:ami@presidentclinton.com] >> Sent: Saturday, July 11, 2015 11:23 AM >> To: DMCOS >> Cc: Jon Davidson <Jon@presidentclinton.com>; John Podesta <john.podesta@= gmail.com>; Tina Flournoy <Tina@presidentclinton.com>; Wang, Ya W. EOP >> Subject: Re: WJC / Greece / Merkel >>=20 >> A quick update: >> - Ironically, Merkel said she's too busy with Greece today to do a call = about Bosnia. So we haven't connected. Please let us know if we should make= the call overtly about Greece, or just let it be.=20 >> - PM Tsipras is available this afternoon and we're aiming to connect wit= h him soon.=20 >>=20 >>=20 >>=20 >>> On Jul 10, 2015, at 11:18 PM, DMCOS <DMCOS@who.eop.gov> wrote: >>>=20 >>> Thanks, Jon and Ami.=20 >>>=20 >>> We would welcome a nudge to the Chancellor in the way you suggest. Ple= ase.=20 >>>=20 >>> Thanks - and have a good trip this weekend. We are grateful to be so w= ell represented -=20 >>> DM=20 >>>=20 >>> -----Original Message----- >>> From: Jon Davidson [mailto:Jon@presidentclinton.com]=20 >>> Sent: Friday, July 10, 2015 4:42 PM >>> To: Amitabh Desai; DMCOS >>> Cc: John Podesta; Tina Flournoy; Wang, Ya W. EOP >>> Subject: Re: WJC / Greece / Merkel >>>=20 >>> + Denis/Jenny >>>=20 >>>=20 >>> Denis, >>>=20 >>> John suggested emailing you - on the heels of your talk with WJC about = PM Tsipras - to also let you know that we've been in close touch with Merke= l's folks this week in advance of WJC's Bosnia visit and given Merkel's vis= it to Bosnia earlier this week - so it would be an innocuous and easy lift = - if a nudge to Merkel is needed - to have WJC call Merkel on basis of chec= king in for guidance on Bosnia and then casually asking her about Greece on= the back end. Just in case helpful. Although it's getting late now in Berl= in. Sincerely, Ami >>>=20 >>> Mr. Amitabh Desai >>> Foreign Policy Adviser to President Clinton >>> Office: +1.212.348.0452 >>> Cell: +1.917.488.1397 >>> Email: ami@presidentclinton.com >>>=20 >>> This e-mail, and any attachments thereto, is intended only for use by t= he addressee(s) named herein and may contain legally privileged and/or conf= idential information. Any unauthorized use or dissemination of this message= in whole or in part is strictly prohibited. If you have received it by mis= take please notify the sender by return e-mail and delete this message from= your system. >>>=20 >>>=20