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BRUSSELS, May 7 (Reuters) – Greece and its international creditors should reach agreement on a financing package in exchange for reforms within days or weeks, the Greek Finance Minister, Yanis Varoufakis said on Thursday.
“I trust that there will be an agreement in the coming days (…) or weeks,” he told a business.
He said there was “much progress” in talks between Greece and the institutions representing the international creditors -the European Commission, European Central Bank and the International Monetary Fund.
Varoufakis said an agreement with these institutions should include a “significant” sustainability analysis Greek debt and fiscal policy of Athens, along with a reform of the pension system of value added tax and the creation of a “bad bank” to take on bad loans of the Greek banking sector.
There should also be a development bank that is linked with the privatized state assets, Varoufakis said.
(Reporting by Jan Strupczewski; Editing by Tom Hals)
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