Negotiations with the representatives of the institutions were halted on Tuesday – New meeting may take place today

Negotiations between the government’s economic team and the representatives of the institutions were halted on Tuesday after just half an hour of talks, as the quartet said they wanted to consult among themselves and with their political supervisors, Finance Minister Euclid Tsakalotos said.

Speaking to journalists after the meeting, the minister said a new meeting may take place on Wednesday, adding that it is not certain if an emergency Eurogroup will be held on Thursday. He also said the Greek side will not accept specific measures to be included in the package of contingent measures totaling 3.6 billion euros which the institutions are requesting, noting that “this proposal has been rejected.” He said however that the IMF may insist on spelling out concrete measures.

According to government sources, the two sides discussed the establishment of a mechanism that would ensure Greece takes these extra measures if there are deviations from the targets on primary surplus.

Alternate Finance Minister Giorgos Choiliarakis and the head of the prime minister’s office, Dimitris Tzanakopoulos also participated in the meeting.