No agreement reached between Greek government and institutions

22 November 2016
647 Views

The latest talks between the Greek government and the representatives of the institutions on the second bailout review, which concluded at 5:30am on Tuesday, did not result in an agreement between the two sides. As the representatives leave Athens, to continue talks via teleconference, a series of critical issues remain unresolved.

Greek officials commented that the two sides were closed on the fiscal gaps for 2018 and out-of-court settlements for non-performing loans. Technical talks on the gap will continue, as well as on energy and financial issues. As for the primary surplus targets after 2019, they will be discussed at the 5 December Eurogroup in conjunction with measures to be taken for the Greek debt.

Some progress was achieved in the joint collection of taxes and contributions, which will later be refined based on the road map that must be agreed upon between the Ministry of Labor and the General Secretariat of Public Revenue, as well as implementing the OECD’s “toolkit”.

A high-ranking Finance Ministry official estimated that the timetables have not changed and that the goal of reaching a political agreement by the Eurogroup remains. The same official noted that the government intends to reinvest a portion of the one billion euros above the surplus targets towards social benefits.

You may be interested

Mitsotakis at the UN: I extended a hand of friendship to Erdogan and he responded with provocations & aggression (video)
GREECE
shares47 views
GREECE
shares47 views

Mitsotakis at the UN: I extended a hand of friendship to Erdogan and he responded with provocations & aggression (video)

makis - Sep 25, 2020

The Greek Prime Minister Kyriakos Mitsotakis addressed a speech at the 75th Session of the UN General Assembly where he…

Independent: Turkey is the biggest threat to Europe today, and the Greeks need our help
GREECE
shares39 views
GREECE
shares39 views

Independent: Turkey is the biggest threat to Europe today, and the Greeks need our help

Panos - Sep 25, 2020

Later this week, EU leaders will meet to discuss their recovery plan. They will spend a few minutes on Brexit.…

Macron to Turkey: First respect, then dialogue
GREECE
shares39 views
GREECE
shares39 views

Macron to Turkey: First respect, then dialogue

Panos - Sep 25, 2020

The French President speaking at the UN General Assembly sent a strong message to Turkey and calling on it to…

Leave a Comment

Your email address will not be published.