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Greek Govt Optimistic Over Agreement

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Despite the recent flood of negative statements and reports about Greece’s negotiations with creditors, the Greek government is optimistic that an agreement will be reached by the end of April.
Negotiations with creditors’ representatives  — the Brussels Group — have started again on Saturday and, according to Greek officials close to Prime Minister Alexis Tsipras, there will be developments this weekend that will constitute the framework of an agreement.
Greek government sources say that Athens is prepared to make some concessions and will pursue an initial agreement on fiscal matters that creditors appear to be more flexible with.
It is significant, they say, that German Finance Minister Wolfgang Schaeuble noted that it is not necessary to implement all agreed reforms before a partial disbursement of financial aid. Also, Eurogroup President Jeroen Dijsselbloem, spoke about progress in negotiations, despite the differences.
This shows that both sides are willing to compromise and the progress depends on mutual concessions.
The Greek government seems willing to compromise on value added tax and privatization issues. On the other side, creditors insist on spending cuts in the public sector because tax revenues are not as high as expected.
The government’s goal is “to find the common ground between the Greek government and creditors as part of a mutually beneficial agreement” and have a clear sign of progress in next week’s Eurogroup or in the next few days.
In no case, however, Tsipras’ cabinet is willing to cross the red lines it has set. Issues such as labor market laws or pension and salary cuts are non-negotiable. Tsipras has stated that the country’s obligations to creditors will be respected but they must also respect the Greek government’s commitments to the Greek people. Therefore, an “honorable compromise” will be the best for everyone.

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