Greece and creditors reach SLA - legislation of reforms and debt relief talks next
Fiscal issues appear settled as Greece and institutions head for review deal
Fourth review talks move along but some obstacles yet to be cleared
Mission chiefs take up negotiations in Athens but focus on IMF's decision
Technical talks progress but debt relief, credit line continue to grate
Lenders return to Athens with much work ahead to reach SLA by May 24
IMF sets out its stall as review deliberations resume in Athens
Following the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.
The second involves the pension system, which costs the budget around 11 percent of GDP versus the euro area average of only 2.25 percent. In particular, the Fund notes that the recent pension reform reduces this cost by just 1 percent of GDP, which is ...
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