Contacts continued over the weekend between top Greek Cabinet members and creditors’ representatives, with one of the more closely watched negotiations dealing with efforts to finally begin resolving the “mountain of debt” entailed in non-performing loans in the country – which now exceed 110 billion euros.
According to a high-ranking finance ministry official, an agreement was reached, in principle, over a draft plan, although technical details remain.
A statement by unnamed officials, usually leaked to the press immediately after contacts between the Greek side and creditors, is an increasingly preferred method of Athens.
A new meeting on the specific issue is set for Wednesday.
The same source said both side agreed to exclude arrears to the state, primarily VAT remittances and income taxes, from a possibly “haircut”.
Open issues are, reportedly, a final set of criteria to decide eligibility for businesses and corporate entities, as well as the duration of a relevant law.
