Regling dampens Athens’ hopes for easing of primary budget surplus target in place until 2023

14 March 2019
260 Views

European Stability Mechanism (ESM) Managing Director Klaus Regling told Greek media on Wednesday that Athens is committed to posting a primary budget surplus of 3.5 percent (of annual GDP) until 2022, with no indications that this obligation can be avoided.

His comments, given during an interview to the state broadcaster, come amid continuing speculation in Athens that both the poll-trailing Tsipras government and the poll-leading main opposition New Democracy (ND) party aim to press European creditors for a lowering of the ambitious annual fiscal target.

Regling, however, said the 3.5-percent fiscal goal is among the most important elements in the post-bailout agreement, while maintaining that the current government does not dispute the target. He added that an “enhanced supervision” report presented earlier in the week at the Eurogroup venue shows progress in several areas, but not in all.

You may be interested

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey
POLITICS
shares33 views
POLITICS
shares33 views

EU condemns Turkey expresses full support to Greece and Cyprus in dispute with Turkey

makis - Dec 13, 2019

The European Union leaders expressed their full support to Greece and Cyprus over the dispute with Turkey in relation to…

How A.I. could help find Alien planets & asteroids
WORLD
shares47 views
WORLD
shares47 views

How A.I. could help find Alien planets & asteroids

Panos - Dec 13, 2019

Artificial intelligence could aid in the search for life on alien planets and detection of nearby asteroids, according to NASA…

US Senate approves Armenian Genocide recognition with 405-11 votes
GREECE
shares49 views
GREECE
shares49 views

US Senate approves Armenian Genocide recognition with 405-11 votes

Panos - Dec 13, 2019

The US Senate officially recognized the Armenian Genocide on Thursday, in a move that runs counter to the wishes of…

Leave a Comment

Your email address will not be published.