A press report on Monday claiming that Greek Finance Minister Euclid Tsakalotos has sent institutional creditors letters warning that the Greek government is unable to fulfill the most recent batch of prior actions, in the wake of last week’s Eurogroup meeting, was still not subject to denial by official circles hours after publication.
The Athens mass daily “Nea” reported that Tsakalotos had sent letters to EU Commissioner Pierre Moscovici, ECB executive board member Benoît Cœuré and IMF Europe chief Poul Thomsen, clarifying that the prior actions linked with the first review of the Greek program (third bailout) by the Eurogroup, as well as conditions from last July’s agreement, were unattainable.
The newspaper claimed that the leftist government is unwilling to privatize the state-run power transmission operator or cut special wage scales – i.e. military officers, physicians and attorneys, among others.
Tsakalotos’ letter, according to the newspaper, stated that several of the prior actions cannot and will not be implemented by the Greek government.
