Prime Minister Antonis Samaras is scheduled to meet with troika representatives this afternoon, in a final attempt to resolve outstanding issues and avoid the activation of undercutting clauses that imply new measures.
The idea is to reach to an agreement before Samaras leaves on Thursday for Brussels to attend the EU Summit.
Samaras and his coalition partners have stressed that the parliamentary majority will not be able to politically afford any measures.
Troika pushes on the implementation of the agreed measures and so far rejects the VAT reduction in catering (asking for an equivalent measure) and the increase of installments to repay debts to tax authorities that will alleviate small and medium sized social layers and bring more revenue in a wider time span.
The controllers instead require reduction of installments and structural changes with the assignment of tax collection to private companies. They also seek to extend for one more year the hike through PPC since they consider the single tax replacement will have reduced revenues and present problems in its collection. The mobility program for public employees is always on the negotiation table, even if there are contradictions between Yannis Stournaras who hinted that the disbursement of the tranche depends on the dismissals of civil servants and Antonis Manitakis who said the Finance ministry has a gap in its revenues, protothema.gr writes.
The Greek government is also concerned about the recapitalization process of Greek banks as without having completed this procedure it cannot hope to channel liquidity to the market and boost the Greek economy.
Meanwhile Finance Minister Yannis Stournaras, in an interview with The Guardian stressed: “It’s like a marathon; the last kilometres are the most difficult because you are so tired,” said Stournaras, insisting that Greece was close to overcoming its worst crisis in modern times.