Greece and lenders appear close to third bailout deal, with few issues outstanding

Photo by MacroPolis
Photo by MacroPolis

After lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis with the quartet of Greece’s lenders in Athens over the weekend, there is an increased optimism that an agreement for a new 3-year bailout programme could be clinched by Tuesday.

On VAT, the Greek request for lowering the rate on beef from its recent level of 23 percent to the previous status of 13 percent has been reportedly agreed by the institutions. However, this would be counterbalanced by the imposition of a VAT rate of 23...

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