The annual general assembly of the Hellenic Federation of Enterprises (SEV) took place yesterday. Addressing the event, Prime Minister Alexis Tsipras said that Greece had now entered the final stretch in talks with creditors in order to achieve a mutually beneficial agreement. Greece has tabled detailed proposals for a viable deal and had made repayments amounting to €8 billion euros, in spite of experiencing financial strangulation.

He reiterated that such an agreement must have a long term outlook and must include restructuring of the debt, with low primary surplus targets for 2015 and 2016, provisions for growth, while ruling out further cuts to wages and pensions. Another key goal in the negotiations was an agreement that ensured a generous European investment programme, the premier added.

Also addressing the event, Finance Minister Yanis Varoufakis remarked that he expects an agreement within the next week. "I think we are very close," Varoufakis said. "Let's say (it's a matter) of about a week." He noted that the agreement will include fiscal measures included in the 2015-2019 mid-term plan, adding that announcing the achievement of such a deal would "suffice to usher in a new promising era." It would also unlock much needed reforms in taxation, social security and the labour market.