A new round of conflict on the political front has been kindled by the call for collaboration extended by SYRIZA leader Alexis Tsipras to governing coalition MPs that differ from government measures.

Today's meeting the leadership of the finance ministry and the representatives of the troika of lenders reached a dead end with the latter assessing that the gap from the present property tax bill will be much greater than the 250 million euros estimated by the Greek side.

A study by the Bank of Greece (BoG) reveals that successive increases in indirect taxes and VAT (value added tax) during the three years of memorandum implementation have been fueling inflation.

In a report published, Monday, Bank of America Merrill Lynch explains that it now believes it is time for Europe to offer Greece better terms.