Greece’s lenders resume reform talks in Athens

European Commission says Greece’s lenders continues bailout talks in Athens to finalise review of Greek reforms

Photo by: Reuters (Archive)
Photo by: Reuters (Archive)

Greek Prime Minister Alexis Tsipras looks on as he arrives to welcome Portugal's Prime Minister Antonio Costa at the Maximos Mansion in Athens, Greece April 11, 2016.

Greece's international lenders are resuming talks in Athens with the aim of concluding a review of Greek reforms "as soon as possible," the European Commission said on Monday.

Talks on the review of Greek reforms needed to get more bailout money have dragged on for months partly because the International Monetary Fund and European Union institutions cannot agree between themselves on some assumptions and scenarios of how the Greek economy might develop.

A spokeswoman for the Greek government said a preliminary deal can be reached this week before a regular meeting of euro zone finance ministers (Eurogroup) in Amsterdam on April 22, but the Commission avoided setting a clear date for an agreement.

"Following constructive talks in Washington, the mission chiefs are returning to Athens today and tomorrow. The aim of the mission remains to conclude the first review of the programme as soon as possible," a Commission spokesman told a news conference in Brussels.

International lenders and the Greek authorities were in contact last week in Washington during the IMF's meetings.

The Eurogroup meeting this week "will be an important moment to take stock of progress made," the Commission's spokesman said, declining to say when an agreement was likely to be reached.

Euro zone lenders and the IMF are divided on some targets set out in the latest Greek bailout, notably a primary surplus goal of 3.5 percent of GDP for 2018 and beyond. The IMF says it is unrealistic to expect Greece to keep such a surplus for decades.

"The budgetary targets fixed last summer for the period after 2018 must be respected," the Commission spokesman said.

The Greek spokeswoman said the government would submit to parliament in the coming days bills on pension and tax reform.

TRTWorld, Reuters