Greece seeking €53.5B in new bailout package, primary GDP surplus of 1% in 2015, 2% in 2016; Vat rate for hotels at 13%; Vat rate for restaurants and catering of 23%; To eliminate Vat tax breaks for islands by end of 2016; to Implement pension reform starting in October; zero deficit clause on pensions will be suspended until Oct 2015; Proposes raising corporate tax rate in 2015 to 28% from 26%; Debt restructuring includes €35B growth package
- (GR) Greece PM Tsipras said to have indicated to the Govt to prepare for a compromise; will bring together Syriza party leaders for a meeting on Friday morning - press
-(GR) Cabinet in Greece gave a majority approval of the proposals but it was not a unanimous decision - Greece press
- (GR) Greece parliamentary members confirm that they intend to provide proposals to the creditors soon
- (GR) Germany Fin Min Schaeuble: Leeway for debt reprofiling is very small