FinMin Opens New Round of Talks with Troika on Tuesday

FinMin Opens New Round of Talks with Troika on Tuesday

Finance Minister Yannis Stournaras and the heads of the Troika will open on Tuesday a new round of talks that will be among the most important so far, the Athens News Agency-Macedonian Press Agency reported. 
The government will try to convince the international lenders that additional measures amounting to 2.0-2.5 billion euro are not required for the next year. It will also try to bring around the Troika to agree to a primary surplus amounting to at least 344 million euro this year, the news agency said.  
The lenders hold the position that in 2014 Greece will post a deficit amounting to 2-2.5 billion euro. They believe that the social budget will see a hole totaling 1.8 billion euro. The sides also hold different views on the amount of money that will be saved over the 2013-2014 period as a result of a rise in retirement age.
The troika also believes that the target of increasing tax revenues will not be achieved in 2014, and is calling for measures amounting to 2-2.5 billion euro to be taken in 2014. 
 
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