FinMin Opens New Round of Talks with Troika on Tuesday
Monday, 04 November 2013
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.