Greek economic policy council says agreement is on its way

13 November 2015
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The government’s economic policy council issued a statement concerning negotiations with Greece’s quartet of creditors (European Commission, European Central Bank, International Monetary Fund, European Stability Mechanism).

The goal is for Greece to receive the 2 billion euro disbursement tranche benchmarked for Greece as well as the 10 billion euros for the recapitalization of the banks that are at the final stage.

A joint statement by Greece’s delegation pinpoints “the aim of the conclusion of the negotiations and the achievement of an agreement by Saturday is totally feasible, as all conditions are in place.” The group underlines that a Eurogroup Working Group teleconference will be held on Sunday.

Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis had a three-hour meeting on Thursday with the representatives of the institutions and new contacts have been scheduled for Friday afternoon and Saturday on non-performing (red) loans, the protection of primary homes from foreclosures, and other measures to squeeze funds that would have been gathered through the 23% VAT on private education and the settlement on 100 debt installments.

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