Morning briefing: Greece negotiations to start

hands tiedTC<p>Greece has its hands tied over debt repayment</p>

Talks between Greece and “the institutions” which have lent the country money will commence today with Athen’s financial position thought to be increasingly precarious.

With the country yet to have been released any of the €7.2 billion tranche agreed upon in negotiations in February, EU politicians are awaiting more substantive proposals on reforms by the Greeks.

A reported shortfall in the tax receipts for the goverment has left the situation increasingly difficult for the finance  ministry.

Reports last night suggested Greece may have to delve into its own social security fund if it is to meet and IMF debt obligation of €1.2 billion due on March 20. Against that backdrop it appears that the Greece government will have to engage in more substantive and constructive negotiations with creditors, a process due to start in earnest later today.


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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