Greece’s Alternate Minister for International Economic Relations Euclid Tsakalotos presented on Tuesday his own version of what caused the breakdown in talks between Greece and creditors.
According to the Greek negotiating team’s head coordinator, at least part of the problem was a lack of agreement between the three institutions involved, which he said “did not always see eye to eye.”
“Any breakdown in negotiations is unlikely ever to have one cause. This is especially true when, as in the case of the Greek government, we were negotiating with three institutions that did not always see eye to eye on the desired details of any agreement, let alone over the wider strategic issues such as the question of whether the Greek debt is sustainable and needs to be re-profiled. All sides have claimed that they showed the maximum amount of flexibility in order to ensure an agreement. Unfortunately this is a claim that is not easily supportable with respect to the negotiating stance of the institutions,” Tsakalotos said.
Tsakalotos also revealed that fiscal targets and measures, structural reforms and financing are the main areas in which Greece and its international creditors disagree.
And he concluded: “So what does the Greek government think of the proposed flexibility of the institutions? It would be a great idea. We see the referendum as part of the negotiation process, not in lieu of it. So we look forward to greater flexibility in the days to come.”