Greek government talks with creditors reach impasse yet again

Very little progress was made in the meetings held over the weekend between Greek government ministers and the “quartet” of the country’s international creditors.

Finance Minister Euclid Tsakalotos, Alternate Finance Minister Giorgos Houliarakis and Labour Minister Efi Achtsioglou – among other cabinet members – discussed fiscal and labour issues with the top foreign envoys representing creditors, with discussions ending yet again without agreement.

Unresolved differences were referred to the staff level for further deliberation. Technical talks will continue this week, at least until Wednesday. Both sides want to reach an agreement as soon as possible given that Athens must repay seven billion euro in July and elections in The Netherlands (March), France (April and May) and Germany (September) will complicate the negotiations.

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