Greece’s creditors consider 2-month extension of bailout programme

19 April 2018
97 Views

The decision on the matters of whether the tax-free threshold will be put into effect from 2019 or 2020 and if a series of positive countermeasures would be implemented by the Greek government was referred by the institutions in Washington to the meeting between Greek Finance Minister Euclid Tsakalotos and the Troika in May.

In its Fiscal Monitor report released on Wednesday evening, the IMF forecasts a 2.9% GDP primary surplus for the current year as opposed to its initial projection of 3.5%, a discrepancy equal to 1.1 billion euros.

This revised outlook fuelled fears that there could be a 2-month extension of the memorandum with the implementation of a new package of austerity measures, apart from those the Greek government have already agreed to for 2019.

The Greek government responded to the news by leaking a non-paper attacking Greek media. The non-paper said among other things “the IMF estimate of a surplus of 2.9% for 2018 is revised upwards from the 2.2% target, which was approved by the Fund last summer”.

Sources say that the “supplementary memorandum” is clearly outlined in the scheduled talks between the Greek authorities and the institutions at the Hilton hotel that will resume in a few days.

You may be interested

Lotto results: Saturday 26 May 2018
GREECE
shares51 views
GREECE
shares51 views

Lotto results: Saturday 26 May 2018

Panos - May 26, 2018

The winning numbers from the Lotto draw on Wednesday 23 May are as follows:

Turkey blasts Greece over decision to grant asylum to 8 Turkish officers
GREECE
shares54 views
GREECE
shares54 views

Turkey blasts Greece over decision to grant asylum to 8 Turkish officers

makis - May 25, 2018

The Turkish Foreign Ministry’s spokesman described the decision by the Greek legal system to grant asylum to the eight Turkish…

Moving moments as Pontian Greeks sing at Harry Klynn’s funeral
GREECE
shares61 views
GREECE
shares61 views

Moving moments as Pontian Greeks sing at Harry Klynn’s funeral

makis - May 25, 2018

Greek comedian Vassilis Triantafyllidis, known by his stage name “Harry Klynn”, was laid to rest in Kalamaria at the Church…

Leave a Comment

Your email address will not be published.