Lenders highlight risks of 'short-term popular' measures unveiled by government

EconomyProgramme Tags: IMF, Labour, Reforms, Taxes
Photo by MacroPolis
Photo by MacroPolis

There has been a highly sceptical reaction from the institutions to the fiscal expansionary measures announced by the Greek government this week, including a reduction to VAT rates and a bonus for pensioners.

The tone of the official statement issued after the conclusion of the mission to Athens as part of the third enhanced surveillance review suggested that Greece’s lenders will take some more time to assess their impact: “The mission took note of the anno...

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