Last Update: 11:20
The minister noted that these issues dominated yesterdayÎ„s meeting and reiterated that there was agreement to articulate further the measures related to debt relief which will be implemented following the successful conclusion of the Greek programme.
He also noted that it was agreed to keep primary surpluses at 3.5% for four years beyond 2018.
Among other things, he said that negotiations over the debt were tough. The Greek government has met its obligations, he said, and now it is the turn of the International Monetary Fund and eurozone member states to reach a compromise and further clarify the debt measures.
This was not possible at this meeting, he said, because negotiations began with greatly divergent positions, and despite attempts to close the gap there was a general sense that more work was necessary before an agreement could be reached. Therefore, he explained, it was decided to provide additional time in order to better define the debt measures so that financial markets and the Greek people understand exactly what to expect at the end of the programme. He also expressed the opinion that all sides were committed to reaching a compromise.
All parties believe this will be possible within the next three weeks, he said, prior to the Eurogroup scheduled for June 15.