SMPS

The latest enhanced surveillance report of the European Commission on Greece is "very positive," according to a senior official at the European Union's executive arm, and "should constitute the basis for the approval of the fourth tranche for the easing of Greece's debt."

The Eurogroup council of eurozone finance ministers will on Thursday consider suspending Greece's obligation to achieve a primary budget surplus of 3.5% of gross domestic product.

The creditors' decision for the change in the use of proceeds from Greek bond holdings (SMPs and ANFAs), switching from servicing the debt to investments, as the government has requested, will be made later in the year.

The government is working on measures to accelerate the court hearings of borrowers who have found protection from confiscations under the so-called Katseli law; it is also forming its new bankruptcy code, whose central idea will be "pay up what you owe or go under."

In March the government is anticipating a positive decision by the Eurogroup regarding at least one of the three requests it has submitted to the creditors so as to secure some additional fiscal space, according to a senior Finance Ministry official.

The government's negotiations with the country's creditors are focused on five fronts, as Athens seeks to secure additional fiscal space so it can implement tax breaks and handouts in accordance with its policy. Among the government targets for this year are cutting the solidarity levy and the further reduction of the Single Property Tax (ENFIA).

The government's negotiation plan for the ongoing fifth post-bailout assessment of the Greek economy provides for investments totaling 3.4 to 4 billion euros and fiscal space for tax breaks worth 2 billion euros in 2021 and 2022, as well as scope for even more tax cuts in case of overperformance.

The government's negotiation plan for the ongoing fifth post-bailout assessment of the Greek economy provides for investments totaling 3.4 to 4 billion euros and fiscal space for tax breaks worth 2 billion euros in 2021 and 2022, as well as scope for even more tax cuts in case of overperformance.

The government is asking its creditors for the option to transfer any overruns in the primary budget surplus from one year to the next, as well as for a reduction in the primary surplus targets and a change in the use of European central banks' earnings from Greek bond holdings (SMPs and ANFAs) from servicing the national debt to financing investments, according to a senior Finance Ministry off

The fifth post-bailout assessment of the Greek economy begins on Wednesday at the staff level, with the new framework on the bankruptcy law and credit sector issues dominating the agenda of a review that is not related to any disbursement of funds to Greece.