AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

imageATHENS: 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 scrutinising a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2-billion euros ($7.8-billion) in loans.

Greece's government says the reforms would help raise an extra three billion euros for its coffers without resorting to wage and pension cuts.

But the European Union warned Monday 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 would likely hold a conference call this week, and then decide whether to call a full meeting of finance ministers later in April.

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 programme -- with the eurozone when the current programme 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 end-April deadline.

In April, 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 International Monetary Fund.

Among reforms proposed by Tsipras's government are proposals to levy higher taxes on the rich, as well as measures to tackle tax evasion and illegal fuel and cigarette smuggling.

But a European source told news portal in.gr that Greece's proposals still had to be fleshed out, and that "amateurism" by Greek officials was hindering progress.

Junior finance minister 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.

The creditors are also pushing the radical government elected in January to abandon its plans to block a number of key privatisations.

But Mardas insisted that Athens would now no longer "sell its assets at humiliating prices".

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.