FinMin Tsakalotos: Negotiations with Greece's Lenders Should Conclude by the End of Week

FinMin Tsakalotos: Negotiations with Greece's Lenders Should Conclude by the End of Week

Negotiations with Greece’s lenders must conclude within the week, Finance Minister Euclid Tsakalotos said on Tuesday, after the end of the second part of talks with the representatives of the institutions which centered on the recapitalization of the country’s lenders. 
On his side, Economy, Infrastructure, Shipping and Tourism Minister George Stathakis who participated in the meeting, said the government presented its proposal on non-performing business loans and mortgages, without discussing it. Stathakis said the aim is to stabilize the banking system as well as supporting affected social groups. He also added the proposal is in the spirit of the initial proposals but “three months of negotiations have passed.”
The finance minister noted that negotiations have not yet included macroeconomic targets (growth rate, primary surplus).
The two ministers will meet anew with the representatives of the four institutions on Wednesday at 11.30 (local time), during which there will be a review of the first round of talks. According to the schedule, discussions will be held on the minimum guaranteed income at 15.30 and on Justice issues at 17.30 (local time). All meetings will take place in the hotels where the representatives are staying. 
 
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