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

14 March 2019
165 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

GREECE
shares19 views

Lotto results: 17/08/2019

Panos - Aug 17, 2019

The winning numbers from the Lotto draw are as follows:

KAS to meet in bid to change rules on Elliniko project
GREECE
shares47 views
GREECE
shares47 views

KAS to meet in bid to change rules on Elliniko project

makis - Aug 16, 2019

The Central Archaeological Council (KAS), Greece’s top advisory body on the protection of antiquities, which has quite a few new…

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation
GREECE
shares122 views
GREECE
shares122 views

Ancient pyramid found on Aegean island reveals beginnings of ancient Greek civilisation

Panos - Aug 16, 2019

The long-buried structure, dating back at least 4,600 years, was constructed of marble transported from nearby Aegean islands on tiny…

Leave a Comment

Your email address will not be published.