Tsakalotos Heading for Eurogroup with 'Agreement in Principle', Sources Say

Tsakalotos Heading for Eurogroup with 'Agreement in Principle', Sources Say

Finance Minister Euclid Tsakalotos is heading for the extraordinary Eurogroup meeting in Brussels on Monday with an "agreement in principle" on key points in the negotiations, finance ministry sources said on Sunday. They said this agreement also included the new privatisation fund, the treatment of non-performing loans, pension reforms, income taxation and indirect taxes.
In addition, they said the Greek proposal for an automatic deficit regulating mechanism had been sent to the institutions and that a discussion on this was expected to take place, while the Eurogroup meeting will for the first time also discuss the debt, as foreseen in the agreement made last summer.
In preparation for the Eurogroup meeting, there will be a Eurogroup Working Group meeting on Monday morning that will be attended by Alternate Finance Minister George Chouliarakis. The Euro area finance ministers are then scheduled to convene at 15:00 local time.


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