EWG conference due ahead of Monday’s Eurogroup

Greek govt seeks to break the deadlock with Greece’s creditors

Prime Minister Alexis Tsipras met with his government’s economic team on Saturday ahead of intensive talks between Greek authorities and the institutions representing the country’s creditors (EC, ECB, IMF and ESM) that began at 3 p.m. on Sunday.
Efforts are being made to tie up loose ends regarding the first group of prior actions and are aimed at setting the tone for the Euro Working Group meeting at 6.30 p.m. on Sunday.

These meetings are aimed at paving the way for the disbursement of a 2-bln-euro subtranche at Monday’s Eurogroup.
Thorny issues include non-performing or ‘red’ loans and protection of primary residences from foreclosure auctions for borrowers, prices of generic medication, measures to replace the 23% VAT on education and the 100-installment debt settlement measures. Sources state that progress is being made on the debt settlement issue.