A Ministry of Finance official has commented that an agreement with the institutions by the 25th of March is possible, given the progress that has recently been achieved.
A new series of meetings between Greek officials and the institutions begins on Tuesday, with energy, corruption, privatization ‘superfund’, justice reforms and non-performing loans being on the agenda.
According to the unnamed official, the Greek government wants to focus its new tax hikes on those earning over 30,000 euros per years, while the creditors want to spread out the burden amongst those on lower incomes as well. An agreement appears to have been reached on the solidarity tax (which will have a maximum rate of 10%).
The European Commission and International Monetary Fund however continue to disagree on the extent of the fiscal gap. The Greek government claims that the gap will be 1% of the GDP by 2018.
