This is how things stand as bailout talks head for a brief pause

Photo by Harry van Versendaal
Photo by Harry van Versendaal

The Greek government and the institutions seem to have reached a consensus on a fiscal gap in the region of 3 percent of GDP for Greece to meet the primary surplus target of 3.5 percent of GDP in 2018. There is also convergence on the type of fiscal interventions required to achieve this target, broadly stemming from pension reform, tax overhaul and a combination of other measures, each fetching 1 percent of GDP.

On pensions, on top of the measures already implemented last summer, which are meant to yield 0.5 percent of GDP, an additional 1 percent is required for the next years. Half of it would be covered by the gradual phasing out of the solidarity grant (EKA...

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