Bloomberg: Berlin offering Athens a ‘staggered’ deal

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

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.

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.”