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> Politics

Bloomberg: Berlin offering Athens a ‘staggered’ deal

One tangible reform to unblock bailout aid is the main point; Reform not specified

Newsroom June 10 07:07

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Germany, the eurozone’s paymaster, is reportedly considering an offer to the Greek government to free-up bailout funds in return for at least one reform demanded by creditors.

Bloomberg quotes two people it says are “familiar” Berlin’s position.

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It’s not clear which reform the leftist Greek government would commit to as comprising the key to “seal the deal”.

In total, creditors want a complete package that includes specific targets for primary surplus goals, higher VAT rates, a slash on supplementary pensions and continued liberalization in the labor market as well as privatizations.

“Where there’s a will, there’s a way,” Merkel told reporters as she arrived in Brussels. “The goal is to keep Greece in the euro area.”

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