The negotiations between Greece and the lenders over the latest Greek proposal have run into another obstacle. As Alexis Tsipras prepares to meet with the heads of the IMF, ECB and European Commission in Brussels for an emergency meeting, the prime ministerial mansion of Maximou released a non-paper describing the ‘peculiar’ stance of Greece’s partners.
Specifically, shortly before Tsipras departed for Brussels for the emergency meeting – a meeting that many already saw as an indication that the negotiations are not going smoothly – government sources released the following message”
“The Prime Minister Alexis Tsipras, shortly before departing for Brussels due to the insistence of specific institutions to not accept equivalent [fiscal] measures, speaking to coworkers said:
‘The non-acceptance of equivalent measures has not happened before. Neither in Ireland, nor Portugal. Nowhere!”
“This peculiar stance indicates one of two possibilities. Either they don’t want an agreement, or they are serving specific interests in Greece.”
Meanwhile the indications that the possibility of an agreement remains up in the air continue to grow, only a few days before the four-month extension of the bailout agreement expires.
According to Reuters, a gap continues to exist between the positions of the creditors and those of the government as Alexis Tsipras prepares to meet with Jean-Claude Juncker, Christine Lagarde and Mario Draghi.
All of Greece’s lenders say that progress has yet to be made in bridging the gap.
VAT rates, pensions and taxation rates for businesses are the main sticking points with differences between the two sides persisting.
Furthermore a European official told Reuters that the issue of restructuring of Greek debt is not being discussed by the institutions.
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