The Brussels Group will continue to convene today, Sunday, in what has been reported to be an unfavorable climate for Greece. Well-informed sources have told To Vima that the Greek proposals have outright been rejected, with the creditors not even discussing them in detail.
Meanwhile, government sources stress that the reform proposal program has been carefully planned and accounted, with provisions of a 1.5% GDP primary surplus and a 1.4% growth rate for 2015.
They also argued that these reforms will not target the “usual suspects”, but rather the wealthy and those who have managed to evade taxation so far.
Whether the Greek reform proposals will be accepted by the creditors or not will essentially be decided on Monday, when the Euro Working Group is scheduled to meet, in order to approve or disprove the list.
Greek sources in Athens and Brussels however were weary of the Fitch rating agency’s recent decision to downgrade the Greek economy, as it occurred prior to the critical Eurogroup meetings.
It is apparent that the negotiations between the Greek government and the creditors are being carried out under immense pressure. A decision will be necessary early this week, since the pressure of the cash flow problem in Greece is increasing.
