Recovery of farming subsidies threatens to widen Greek fiscal gap

Economy

One day after the completion of the troika’s discussions with the Greek authorities, ahead of the next review due in the second half of September, local media indicate that a European Court of Justice (ECJ) decision may cause a fiscal gap of 600 million euros.

This ECJ decision relates to two rulings regarding the recovery of irregular agricultural subsidies that were granted over the past ten years, according to financial website Capital.gr.

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