Negotiations on prior actions at final stage
Negotiations with the creditors over the first package of prior actions that will give the green light for the 2 billion euro disbursement tranche and the 10 billion euros for the recapitalization of the banks are at the final stage.
The government's economic policy council in a statement on Thursday said that "the aim of the conclusion of the negotiations and the achievement of an agreement by Saturday is totally feasible, as all conditions are in place" adding that a Eurogroup Working Group teleconference will be held on Sunday.
Moreover, Finance Minister Euclid Tsakalotos and Economy Minister George Stathakis had a three-hour meeting on Thursday with the representatives of the institutions. New contacts have been scheduled for Friday afternoon and Saturday on non-operating loans, the protection of first residence from foreclosures, equal measures for the 23 percent VAT on private education and the settlement on 100 debt installments.
