Greece, troika begin discussing exit from Memorandum

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The Greek government and the representatives of the country's troika of lenders began discussion on how Greece will exit the loan Memorandum, a top-level Finance ministry official said following a meeting between the two sides in Athens on Tuesday.

According to the source, "We discussed strategy as well, what will happen after the Memorandum, how the exit from the Memorandum will be set up."

The seven-hour-long meeting was attended on the Greek side by Finance Minister Gikas Hardouvelis, Deputy Christos Staikouras and the prime minister's adviser, Stavros Papastavrou.

The government believes the target of a primary surplus for 2015 is possible without new measures and that there will be a lightening of the tax load, although the details are not worked out, the source said.

Greece's new budget will be tabled in Parliament on Monday and is expected to include the means of achieving the primary surplus.

Based on the schedule released so far, the troika representatives will meet with Development Minister Nikos Dendias at 11:30 a.m. and Administrative Reform Minister Kyriakos Mitsotakis at 3:00 p.m. On Thursday, they will meet with Labour Minister Yiannis Vroutsis.

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