Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
Athens strives to bridge fiscal gap before unveiling 2020 draft budget
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap
Fourth review talks conclude with fiscal differences remaining
Second day of review yields progress, work needed on fiscal front
Fiscal issues dominate talks as fourth post-programme review ensues
BoG looks at other programme exits and options available to Athens
Over the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing that the Greek government should explore all options for the post-programme era, including a precautionary credit line.
This is in contrast to the strategy that the Greek government is in the process of executing, which is based on the creation of a cash buffer totalling about 18 billion euros that will cover the country’s funding needs for 12 months after this August.
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