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Another crisis chapter closes, triggering final round of debt relief measures -
Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060 -
Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead -
Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance -
Latest EC review clears path towards end of enhanced surveillance process in 2022 -
Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
Bailout talks resume with key issues pending and contingency measures emerging
The International Monetary Fund spring meetings and the discussions of Greek authorities with eurozone and IMF top officials on the sidelines did not yield any meaningful results apart from a proposal apparently made by the institutions for contingent measures of up to 2 percent of GDP (3.6 billion euros) to bridge the difference between the IMF and the eurozone partners on the fiscal gap to 2018.
The European Commission along with the Greek government see a fiscal gap of 3 percent to achieve a primary surplus target of 3.5 percent of GDP in 2018. Starting from a lower fiscal base and with a different approach on what the proposed measures might ...
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