Negotiations between government and institutions' representatives concluded
The representatives of the institutions will depart from Athens and the discussions will continue by teleconference, probably before the Euro Working Group on November 28.
According to officials participating in the Greek negotiating team, there are three open issues - labour, energy, fiscal. On the labour issue, no progress has been recorded while the two sides seem to have reached greater convergence on the issues of fiscal figures and the extra judicial settlement of bad loans.
On the medium-term plan, the representatives of the institutions were not authorised to discuss the issue of the 3.5 pct of GDP primary surpluses as of 2019. The 2019-2020 primary targets will be discussed at the Eurogroup on December 5 along with the interventions in debt.
However, progress has been achieved on the issue of the procedure of common collection of taxes and contributions, which will be later redefined based on a roadmap to be decided until March 2017 between the Labour Ministry and the General Secretariat of Public Revenue, as well as the implementation of the OECD toolkit.
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