The Latest on Greece: Talks on bailout proving ‘very tough’

The country’s representatives are in Brussels to negotiate what reforms the government should make to get more bailout loans. The International Monetary Fund, a key creditor, has indicated that Greece’s proposed reforms are too focused on tax increases, rather than spending cuts.

 

The Greek official said: “These are very tough negotiations… But there is a common will to get somewhere.”

 

The official said creditors are demanding, among other things, a freeze on pensions, scrapping some proposed taxes and surcharges on business, and higher sales tax on some goods.

 

The official spoke only on condition of anonymity because the talks were ongoing.

 

Read More: The Latest on Greece: Talks on bailout proving ‘very tough’ | CNS News