Tsakalotos letter ‘a good starting point’ for agreement between institutions, Brussels sources say

The letter sent by Greece’s Finance Minister Euclid Tsakalotos is a “good starting point for an agreement between the four institutions,” sources in Brussels told the Athens-Macedonian News Agency (ANA) on Monday.

They noted that the letter was “well written” but noted that additional negotiations will be needed for a final agreement to be reached. Commenting on the results of a meeting between International Monetary Fund (IMF) Managing Director Christine Lagarde and Finance Minister Wolfgang Schaeuble in Davos, the sources said these confirmed the necessity of the IMF’s participation in the Greek programme.