ATHENS (Reuters) - Greece's government is confident of reaching a deal with its creditors this week and is open to pushing back parts of its anti-austerity programme to make that happen, the country's interior minister said Saturday.
Greece and its EU/IMF creditors have been locked in talks for months on a cash-for-reforms deal and pressure is growing for a deal, since Athens risks default without aid from a bailout programme that expires on June 30.
"We believe that we can and we must have a solution and a deal within the week," Interior Minister Nikos Voutsis, who is not involved in Greece's talks with the lenders, told Skai television.
"Some parts of our programme could be pushed back by six months or maybe by a year, so that there is some balance," he said.
He did not elaborate on what parts of the ruling Syriza party's anti-austerity programme could be pushed back, but the comments suggested a greater willingness to compromise on pre-election pledges.
Prime Minister Alexis Tsipras stormed to power in January on promises to cancel austerity, including restoring the minimum wage level and collective bargaining rights.
The government earlier this week said it hoped for a deal by Sunday, though international lenders have been less optimistic, citing Greece's resistance to labour and pension reforms that are conditions for more aid.
Voutsis said Athens and its partners agreed on some issues, such as achieving low primary budget surpluses in the first two years. But they still disagreed on a sales tax, with Greece pushing so any VAT hikes will not burden lower incomes.
"A powerful majority in the political negotiations has showed respect for the fact that there can't be further austerity strategies for the Greek issue, the Greek problem and the Greek people," he said.
The debt stand-off between Greece and its European Union partners overshadowed a meeting of policymakers from the Group of Seven rich nations in Dresden, Germany, on Friday.
The United States warned of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.
In an interview with Realnews newspaper published on Saturday, Economy Minister George Stathakis said Athens had no alternative plan.
"The idea of a Plan B doesn't exist. Our country needs to stay in the eurozone but on a better organised aid programme," he said.
Stathakis was confident a deal will be reached. "Otherwise, mainly Greece but the European Union as well will step into unchartered waters and no-one wants that."
(Reporting by Angeliki Koutantou; Editing by Deepa Babington and David Holmes)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
