Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup

EconomyProgramme Tags: EC, Eurogroup, Pensions, Taxes

Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.

The Greek budget was not one of the official items on the agenda, which was dominated by discussions about Italy, but the officials who took part in the meeting of eurozone finance ministers were questioned about the pension cuts in the evening press co...

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