Athens has left margin for compromise until February 16 for negotiations to take place concerning a six-month “bridge deal”. Finance Minister Yanis Varoufakis will present his program to eurozone partners on Wednesday. The new plan includes the participation of the International Monetary Fund (IMF) with sources in Athens stating that the IMF could continue having a supervisory role, something that will be discussed personally between Varoufakis and IMF Chief Christine Lagarde.

There is reserved optimism that a mutually beneficial compromise can be reached. “Discussions are taking place on many levels, but these are not binding as yet,” said Deputy Prime Minister Yiannis Dragasakis, commenting on proposals made by European Commission President Jean-Claude Juncker.

Sources state that it is unlikely that a solution will be reached at Wednesday’s Eurogroup, but the bases will be set for the next Eurogroup meeting on February 16.

In a nutshell, here are the main axes of Athens’ proposal to be layed out by Varoufakis:

1) The finance gap of the extension can be covered by issuing T-bills worth up to 8 bln euros, part of the outstanding 7.2 bln bailout reimbursement. The Greek side also wants the 1.9 bln euros from the European banks’ profits from Greek bonds that was intended to be given to Greece at some point.

2) A new OECD toolbox following an agreement between the Greek Finance Ministry and OECD Secretary General Angel Gurria in Athens on Tuesday.

3) Settlement of the debt with swaps and not perpetual bonds to be in effect from September 1, 2015.

4) Utilization of public propoerty, with the completion of the privatization of the Piraeus Port Authority.

5) The achievement of a primary surplus of 1.5% of the GDP as in 2014 and not the foreseen 3%. Sources from the Greek FinMin state that the primary surplus for 2014 will be at 1.49%.