Greek Prime Minister Alexis Tsipras said he wanted an “honest compromise” as the cash-strapped country wrangled with eurozone creditors over a new package of reforms needed to unlock vital bailout funds.
Experts from the IMF and the EU are scrutinizing a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2 billion euros (US$7.7 billion) in loans.
Greece’s government says the reforms would help raise an extra 3 billion euros for its coffers without resorting to wage and pension cuts.
However, the EU on Monday warned that there was still no deal.
“We’re not there yet,” European Commission spokesman Margaritis Schinas told reporters. “This is why the talks should benefit from further fact-finding in Athens that should continue.”
Eurozone officials will likely hold a conference call this week, and then decide whether to call a full meeting of finance ministers later this month.
More privately, European sources have accused Athens of hindering progress in the talks.
A defiant Tsipras told lawmakers late on Monday that he wanted a deal, but would not submit to creditors unconditionally.
“We seek an honest compromise with our partners, but do not expect us to sign an unconditional surrender,” Tsipras said during a parliamentary grilling on the negotiations.
“That’s why we are under merciless attack, but it’s also the reason why [Greek] society supports us,” he said.
Tsipras reiterated the need for a renegotiation of Greece’s large public debt, which stands at 177 percent of GDP, without which “repayment will be impossible.”
This discussion with the EU and the IMF “will begin in time to reach a new development agreement [for the country] in June,” he said.
It would not include a “discussion of a new memorandum” — meaning the loans program — with the eurozone when the current program expires in June, but an “economic development plan” for the country, he said.
Rival Greek parties have accused the prime minister of reneging on his election promises, claiming that he has secretly conceded austerity reforms in order to unlock the last tranche of aid funds by the deadline at the end of this month.
This month, Athens needs to roll over 2.4 billion euros in short-term debt and repay another 820 million euros, including 460 million euros to the IMF.
Among reforms proposed by Tsipras’ government are proposals to levy higher taxes on the rich, as well as measures to tackle tax evasion and illegal fuel and cigarette smuggling.
However, a European source told news Web site in.gr that Greece’s proposals still had to be fleshed out, and that “amateurism” by Greek officials was hindering progress.
Greek Alternate Minister of Revenue Dimitris Mardas on Monday said the creditors were pushing for lower pensions and more mass layoffs — measures that the radical government has pledged to resist.
However, Mardas said an agreement could still be reached.
“The [creditors] have backed down on a number of issues, so I don’t see something insurmountable,” Mardas told To Vima radio.
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