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Greek Government Cautiously Optimistic on Talks with Troika

Stournaras_TroikaThe Greek government’s economic team on Friday, said it was cautiously optimistic over the course of negotiations with the troika.
Speaking to ANA-MPA, after a meeting on Friday afternoon, a high-ranking official of the Finance ministry said talks have entered the heart of negotiations. “In the next hours and days we will work on a draft agreement with all related ministers. And when you work on a text this is a positive development,” he added. However, the official sounded cautious over the duration of consultations with the troika, although the Finance ministry wants to have an approval on the disbursement of the loan from a Eurogroup meeting on March 10.
Friday’s meeting examined a fiscal gap for the period 2014-2015 and drafting of a medium-term framework. A government official said that “the primary surplus for 2013 is strong and sustainable” but no agreement has been reached so far over 2014. The Greek side supports the view that last year’s very good performance covered 2014 as well and stressed that no additional fiscal measures were needed for the current year in Greece.
On the other hand, the representatives of the country’s lenders seemed to oppose the distribution of a large part of a primary surplus before the Euro-elections and any decision reached by Europe on the country’s public debt.
A new meeting with the troika is scheduled for Sunday.
(source: ana-mpa)

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