Greece and its lenders recount the new austerity measures

The new round of contacts between Greece and its lenders start tomorrow with EuroWorking Group extraordinary teleconference meeting to assess the progress of negotiation talks in an attempt to conclude the program review by mid-April.

The representatives of the institutions will also participate in the meeting, while according to reports the EWG will be informed by Deputy Finance Minister Giorgos Chouliarakis and the ‘Quartet’ for the measures that will lead to a primary surplus of 3.5% of GDP by 2018 and the measures on social security and tax system of 5.4 billion euros aiming to cover the fiscal gap.

Greece’s lenders have made their intentions clear during the last days. First, they are reluctant to say that an agreement will be reached by April 22, and second European Institutions and the IMF want to achieve a comprehensive agreement closing all issues, which means that apart from social security and tax issues, the crucial issue of non-performing loans should also be closed.

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