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Posted on: April 9th, 2013 by AlYunaniya Staff No Comments

Negotiations with troika continue

Stournaras Eurogroup - source EU

photo: EU

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Finance Minister Yannis Stournaras is to resume negotiations with troika representatives today (16.00), in an effort to reach a consensus before Friday’s informal Eurogroup summit in Dublin.

According to Kathimerini, Greece’s economic reform progress will be on the agenda of talks at the summit but a decision on the release of a EUR 2.8-billion loan installment that had been due last month is not expected until later in April while a decision on a subsequent tranche of EUR 6 billion is likely in May.

Unless the disbursement of the tranches is delayed until after May 20, when Greece must cover EUR 5.6 billion in bonds that are set to expire, government officials say there will be no cash-flow problem.

Citing a high-ranking Finance Ministry official, AMNA writes that deliberations with the Troika “have gone well, so far” and it is anticipated that they will be completed “in the coming days”.

Government officials told Greek media some issues had been resolved. It appears that firms or individual sowing tax or social security contributions will be allowed to pay off their debts in 48 installments rather than the 36 the troika had favored.

The main topics in the negotiations at this time are the mobility in the public sector and the immediate dismissal of civil servants who have been indicted for criminal offences, a settlement for taxpayers’ payment of debts to the Tax Bureau and social security funds, and the new “single tax” on real estate that will replace the current extraordinary surtax (EETHDE) that is collected via electricity bills, the ministry source said

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