Following the publication of the 47-page document Greece sent to the institutions by the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5 and 7-page) that include the prior actions and the policy commitments prepared jointly by the three institutions.
Prime Minister Alexis Tsipras insists that the 47-page document Greece sent to the institutions earlier this week remains a “realistic” basis for an agreement.
In a period when deposit sentiment remains extremely fragile and subject to sovereign and macro concerns, it is apparent that any statement or development that adds more uncertainty further harms depositors' sentiment.
Greece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which is one of several obstacles to a full deal between the two sides, according to Finance Minister Yiannis Varoufakis.
As the government struggles to find common ground with lenders over this year’s fiscal targets, a legal issue concerning pension cuts threatens to derail spending plans.
The Greek Finance Ministry has announced that the government’s new negotiating decided at its first meeting on Monday to draft a multi-bill coding the measures included in the reform list sent by Finance Minister Yanis Varoufakis in late March.
As Greece and its lenders make a new push to conclude negotiations that could secure more bailout funding, it is certain that the country’s pension system will prove one of biggest obstacles to a deal.
Following the submission of 187.5 million of non-competitive bids on Thursday, Greece rolled-over 3-month T-Bills worth 1 billion this week. This was the third key transaction related to payment of debt obligations over the past 10 days.
There has been no official response from the Greek coalition to the European Central Bank (ECB) publishing on April 10 its opinion on the draft law on the suspension of primary residence foreclosures until the end of 2015.
The Greek state has to imminently cover funding needs of around 1.2 billion euros this week in two key transactions, which are the most important for April’s obligations.