- Greek prime minister defends emergency plans for Grexit: Varoufakis may have bad dress sense, but he’s no crook
- Troika talks begin in Athens to thrash out details of €86bn bailout
- Athens stock exchange to reopen on Monday
- Eurozone unemployment stable at 11.1%; Italian youth unemployment at record high of 44.2%
- Chinese shares suffer worst month in six years
- Closing summary
2.52pm BST
A quick round-up of the main events on Friday. Thank you for all your comments and have a good weekend. We’ll be back on Monday.
2.37pm BST
The Greek finance minister Euclid Tsakalotos and the economy minister Giorgos Stathakis have been meeting with the lead negotiators from the EU, ECB and IMF, after the IMF’s new head representative to Greece, Delia Velculescu arrived in Athens late on Thursday.
Greece’s BHMA FM radio station reports on its website that also present at the meeting, which is taking place at the Athens Hilton, is the European Commission’s Declan Costello, the European Central Bank’s Rasmus Refer and European Stability Mechanism’s Nicola Giammarioli. The four institution heads – dubbed the quartet – are scheduled to meet with the governor of the Bank of Greece Yannis Stournaras.
The creditors have reportedly requested:
The last request, for the abolition of solidarity tax, affects about 350 Greek taxpayers. The institutions have also proposed the introduction of a single 6% tax rate on incomes over €50,000.
On Thursday the institutions’ technical teams had a special meeting to discuss parafiscal taxes and the possibility of establishing an interministerial committee in order to simplify business licensing process. Talks will also begin so that by the end of the year there will be new a framework for collective bargaining that will guarantee justice and efficiency in the workplace.
GREECE’S TSAKALOTOS SAYS TALKS WITH TROIKA HAD POSITIVE CLIMATE. sunny and warm
@g_stathakis #Tsakalotos drink black coffee w/ @DeliaVelculescu et al on #Greecebailout talks http://t.co/x0hYXFSvY2 pic.twitter.com/qyLolLgxvA
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Source: The Guardian Circular Economy RSS