Troika and Greece in stalemate over budget targets, prior actions as time ticks away

Photo by MacroPolis
Photo by MacroPolis

The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.

The fiscal gap for the next year is one of the thorniest issues, with recent reports suggesting it is estimated by the troika up to 3.6 billion. This is higher by almost 1 billion compared to its previous forecast, reflecting the troika’s view that the ...

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