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 warned about missing fiscal targets rather than changing them unilaterally
Thursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted.
Regling, however, stopped short of suggesting that the Greek government’s proposed scheme for guaranteeing it will meet its fiscal targets in the coming years by relying on part of its cash buffer constitutes a unilateral breach of the agreement it reac...
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