Greece, Creditors Start Crafting Staff Level Accord: OfficialNikos Chrysoloras
Brussels Group of Greek officials, representatives of creditor institutions to start drafting Staff Level Agreement today, a Greek govt official says in e-mail to reporters.
- Agreement to envisage low primary budget surpluses, no recessionary measures, sales tax overhaul, medium-term agreement on Greek debt relief, growth package
- Agreement will not include additional EU1.8b in measures
- Agreement will also envisage pension system reform, limiting early retirement, unification of pension funds; no pension cuts included
- Disagreement between creditor institutions remains a problem; if it wasn’t for the IMF, agreement would have been reached by now
- Creditor institutions should assume historical responsibility toward Greece, common European vision
- Greek PM Alexis Tsipras will be in constant contact with other leaders, to facilitate reaching agreement
- Greek deposits, financial system are safe
- NOTE: Official asked not to be named in line with policy
- NOTE Earlier: Greece Said Likely to Miss May Deal Deadline as Talks Stall Link
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