FinMin keeps cards close to chest on deal

Kathimerini English - - Front Page -

Three days af­ter a Eurogroup sum­mit in Brus­sels that yielded a rather vague agree­ment be­tween Greece and its cred­i­tors, Greek Fi­nance Min­is­ter Eu­clid Tsakalo­tos told Par­lia­ment that he would brief the House’s eco­nomic af­fairs com­mit­tee on the progress of ne­go­ti­a­tions next Tues­day.

Tsakalo­tos, who came un­der fire af­ter fail­ing to make state­ments fol­low­ing Mon­day’s Eurogroup, said he would elab­o­rate on the state of af­fairs next Tues­day fol­low­ing pres­sure from the po­lit­i­cal op­po­si­tion for de­tails about the ini­tial deal Athens said it had reached with its lenders in Brus­sels. Rep­re­sen­ta­tives of Greece’s in­ter­na­tional cred­i­tors are due to re­turn to Athens next week to re­sume talks which are ex­pected to flesh out a ba­sic com­mit­ment by Greek au­thor­i­ties to leg­is­late eco­nomic re­forms that would come into ef­fect into 2019, fol­low­ing the ex­piry of the coun­try’s third in­ter­na­tional bailout.

What re­mains un­clear is the ex­tent of the in­creases to in­come tax and fur­ther cuts to pen­sions that such leg­is­la­tion will en­tail.

Re­veal­ing no de­tails yes­ter­day, Tsakalo­tos in­di­cated that he will be able to dis­close lit­tle more dur­ing next week’s brief­ing to Par­lia­ment. “I won’t be able to tell you on Tues­day ei­ther ex­actly what the pack­age of the agree­ment will in­clude,” he said, not­ing that “some may win and some may lose.”

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