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Athens Macedonian News Agency: News in English, 16-02-05

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek officials, institutions find 'convergence points'; more progress needed‏

  • [01] Greek officials, institutions find 'convergence points'; more progress needed‏

    Greek officials and the representatives of the institutions on Friday completed a first round of negotiations on reviewing the economic policy programme, reaching points of convergence but also realising that more progress was needed in other issues.

    Greek Finance Minister Euclid Tsakalotos, speaking to reporters, after a meeting between representatives of the country's creditors and the government's economic team, said that the two sides agreed on the basic architecture of income tax and reforming the pension system.

    Tsakalotos noted that all sides acknowledged that an agreement must be reach in a reasonable time. "We noted convergence points and areas needing more progress on a technical or political level," the Greek FinMin said.

    The mission chiefs of the institutions are leaving Athens on Friday, while the technical staff will remain. "We have every expectation that they will return around the timetable set, so that the negotiation will enter its final phase," Tsakalotos said, adding that "representatives want to discuss between them, but the milestone of completing the negotiation by the end of February still remains".

    "The good news is that both in income tax and pension reform we have an agreement on the basic architecture. We share a common base in the rationale of reforms," Tsakalotos said, adding: "They understand the government's commitments not to cut pensions". "I am more happy today than on the first day," the finance minister said, adding that the two sides will also discuss on fiscal issues.


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