Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
Strike legislation, auctions present Athens with challenges in wake of SLA
Eurogroup paves way for completion of third review, talks on debt relief
After reaching SLA, Athens focuses on prior actions and next bond issue
Athens hopeful of clinching SLA after progress in creditor talks
E-auctions get underway as draft SLA is prepared
IMF sees eurozone debt relief pledges failing to deliver sustainability
Following the executive board meeting on July 20 that approved in principle the precautionary Stand-By Arrangement (SBA) for Greece, the International Monetary Fund published its updated Debt Sustainability Analysis, which includes the relief measures that were agreed in the June 15 Eurogroup.
As it outlined in its recent Article IV for Greece, the DSA is based on the Gross Financing Needs (GFN) framework due to the majority of Greece’s debt consisting of official sector loans with favourable servicing terms. Also, the financing needs framewo...
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