The IMF has called on the EU to be more ‘realistic’ about what Greece must do to obtain further aid under its bailout programme. According to reports, an informal meeting this week between representatives of the IMF, European Commission, the ECB and the European Stability Mechanism made "good progress". However, the IMF has yet to decide whether to participate in the third bailout program for Greece and says that Greece should accept new austerity measures, including further cuts to pensions, while the EU should give the country significant debt relief, to which most of the Member States are opposed.  The differences are holding up the first review of Greece’s performance under the EU loan programme.