Brussels urges Athens to remain on reform path as fourth post-MoU review looms
Athens hopes lower bond yields strengthen case for reducing fiscal targets
Staikouras strikes note of caution on fiscal space and tax cuts
Finance Ministry faces balancing act as it starts to draft 2020 budget
New Democracy tax pledges put spotlight on available fiscal space
New government holds first talks with creditors, may opt for cautious fiscal approach
Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
The European Commission is due to publish on Wednesday the third enhanced surveillance report, highlighting that recent fiscal interventions by the government have cast doubt over whether this year’s primary surplus target will be reached.
The report is also expected to underline the areas in which Athens has not been keeping up with the desired pace of reforms or even breaching commitments made to Greece’s creditors.
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