A couple of days ago, Greek sent to Troika a list of austerity proposals -among them Value Added Tax increasing from 6.5% to 13% for hotel accommodations, scrapping poverty allowances, lowering pensions etc -aiming to collect revenues of just 980 million euro in the first stage.

To make the long story short, many Greek media report that an agreement is most likely to be achieved by next Monday, December 8th, when the Eurogroup will meet in Brussels.