The government is already drafting the bill to close the remainder of open issues before the next Eurogroup meeting on May 24. This includes a rise in VAT, Non Perfoming Loans, setting up a new Privatization Fund and the Contingency Mechanism.
German Finance Minister Wolfgang Schaeuble has said he was optimistic about striking a deal on May 24 and said that “now there is no need for a real haircut of Greece’s debt.”
We are optimistic that by Spring of 2017 no fresh fiscal adjustment will be necessary, stated on his part Economy Minister Giorgos Stathakis.
Moscovici also expressed his belief that an agreement will be achieved at the next Eurogroup.