Greek government and senior troika officials have begun crucial negotiations for the disbursement of sixth instalment and the new loan agreement. EU/ECB/IMF representatives arrived on Saturday and agreed on a strict stance towards Greece.
The government attempts to ask for more flexible deadlines regarding the coverage of deficit, as the recession is estimated to deepen. But, the troika is disposed only to accept the change of target to 8% of GDP from 7.6%
A renegotiation has already been launched in order to maintain this objective and new measure –of immediate effect- are possible.
The government attempts to postpone decisions for December because the newly adopted measures are not implemented yet (VAT increase, uniform payroll, etc). But the troika calls for major cuts.
Government officials note that the international lenders were too harsh the previous days, making clear that the deficit should be reduced by all means.
(source: capital)
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