IMF highlights bailout shortcomings in latest admission of programme errors
Athens warned about missing fiscal targets rather than changing them unilaterally
Finance Ministry, Stournaras disagree over fiscal space for expansionary measures
Athens moves ahead with expansionary measures as it waits for lenders' response
Lenders highlight risks of 'short-term popular' measures unveiled by government
Athens plans to use cash buffer to create fiscal leeway for expansionary measures
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
Speaking to journalists in Luxembourg on Thursday, Regling welcomed the fact that Athens presented a draft 2019 budget with two scenarios, adding that this created a good basis for discussions. However, he noted that the volume of the excess surplus was...
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