Mr. Tsipras went on to explain that the first part of the deal concerns the current negotiations which could lead to an agreement that would restart the financing. The second part would start right after, that is within June and it would extend until fall. This would have to include a commonly accepted arrangement of the whole of the Greek debt.
According to what was said in the meeting, the government is forced to seek another formula since the creditors do no agree to the double VAT (15% and !8%) measure. Nevertheless Greece has not relaxed its stance towards its “red lines” in the negotiations. The government denies to allow collective dismissals, wants to reintroduce collective labor negotiations and the gradual increase of the minimum wage. All the above are still on the table and the Greek government has not, yet, abandoned its positions.
Source: ANA-MPA