Eurozone finance ministers are hoping their outgoing Greek counterpart, Euclid Tsakalotos, will not skip this Thursday's Eurogroup meeting - like he did last month - so that they get the chance to personally express their objections to the Greek government's policies, as explained in last week's European Commission report.
An avalalanche of over a dozen new taxes and tax hikes imposed during SYRIZA's four-and-a-half years in power is widely considered the main reason for the disastrous result of the 26 May European Parliament election.
The government's long string of tax hikes was in large measure due to its inability to meet fiscal targets agreed to with creditors.
The government's tax measures have failed to fetch additional revenues, while generating more expired debts and leading to the concealment of incomes and the shrinking of the middle classes, figures show.
Last week, Finance Minister Euclid Tsakalotos himself gave a definition of the middle classes, putting their incomes at between 20,000 and 45,000 euros.
Greek Finance Minister Euclid Tsakalotos has slammed ESM Managing Director Klaus Regling after the latter said that the tactics of former finance minister Yannis Varoufakis cost Greece 100 billion euros.
In an interview with Open TV late Thursday, Tsakalotos denounced Regling's allegations as groundless, adding that if he were his student, he would fail him.
The European Commission rang a resounding alarm bell in its quarterly enhanced fiscal surveillance report on the Greek economy that was released yesterday.
Despite the use of tempered language so as not to appear to intervene in Greece's general election campaign, the Commission's concerns about a prospective fiscal derailment are perfectly clear.