The Minister of Economy Giorgos Stathakis revealed that 3.6 billion euros worth of measures, from the 5.4 billions agreed with the institutions, will be implemented immediately. The remaining 1.8 billion euros worth of measures will be implemented after 2018, he told ANT1 on Friday.

According to Mr. Stathakis the negotiations are on track, with an agreement on certain issues being close. Although the upcoming negotiations are going to be difficult, he estimated that an agreement will be reached on time.

Regarding tax reforms, the Economy Minister claimed that there we be no additional charges for incomes under 20,000 euros, while there will be some discounts for incomes between 35,000 and 40,000 euros. Mr. Stathakis added that there will be extra charges for incomes above 40,000 euros.

Finally, Mr. Stathakis explained that there is a major disagreement over non-performing loans, with Greece’s creditors demanding that all such loans be sold to foreign funds.