ATHENS: The Greece government expects revenue of €3.27billion from the list of reforms, sent to the country’s creditors. The proposal is about the taxation of deposits abroad, which is expected to provide revenue of €750 million, debt arrangements and a crackdown on smuggling. Further €1.5 billion euro in revenue is expected to come from the sale of Piraeus port and regional airports as well issuance a license for horse-racing betting.
“Greece and the Brussels Group began discussing over the weekend the details of the fiscal and structural measures proposed by Athens with the aim of securing the gradual disbursal of the remaining 7.2 billion euro in bailout funds. There are conflicting reports about how the negotiations are progressing and whether the reforms list contains enough detail. The Greek government insists that talks are on the right path and its proposals have been thoroughly prepared.
Reports suggest that with Athens running out of liquidity an initial agreement between Greece and its lenders could see the European Central Bank lift the 15-billion-euro limit on T-Bill issues, allowing the government to avoid the possibility of a default before a bailout tranches are released.”
