New government holds first talks with creditors, may opt for cautious fiscal approach
Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
Eurogroup emphasises limited room for discussion on fiscal targets
Regling underlines concerns about fiscal target after voter-friendly measures
Eurozone set to give next govt until Sept to address fiscal issues
EC warns budget not on track due to handouts, advises against further underspend
Athens plans to use cash buffer to create fiscal leeway for expansionary measures
The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.
The interventions that will be implemented this year (reduction of VAT on food products, food service and energy bills, as well as a bonus for pensioners) is estimated to cost 1.15 billion euros, around 800 million of which will be the lump sums paid ou...
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