Brussels Group Resumes Intensive Talks to Bridge Gap in Negotiations with Greece

Brussels Group Resumes Intensive Talks to Bridge Gap in Negotiations with Greece

The Brussels Group is meeting on Wednesday in Brussels to bridge the gap on open issues discussed in the ongoing negotiations between Greece and its lenders.
Greek sources in Brussels with knowledge on the subject said talks between Greek authorities and the representatives of the institutions will continue until Saturday, without excluding more meetings.
The Greek side wants an emergency Eurogroup meeting to be held before the start of June which will issue a statement saying progress has been achieved and a comprehensive agreement is close at hand. The same sources argue that such a statement would allow the ECB to raise its cap in the issuance of T-bills.
The issues still discussed in the negotiations are the VAT, pension and labour reforms, non-performing loans, the fiscal gap, primary surpluses and an analysis of debt sustainability. Concerning VAT, the sources say it’s possible to agree with lenders on three categories for the tax, with food set at the lower rate. On pension reforms, the thorny issue is limiting early retirement, according to the sources.

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