IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
ESM report highlights programme weaknesses, outlines improvements for future bailouts
Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review
Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
Piecemeal process likely in drive for more fiscal space
Athens hopeful of clinching SLA after progress in creditor talks
Greece and its lenders appear close to reaching a Staff Level Agreement (SLA) this week after talks appeared to progress on Thursday, with the two sides said to have agreed on next year’s projected fiscal overperformance.
Reports suggest that there is a consensus that an excess surplus of 320 million euros is possible in 2018. According to government sources, this is possible because of the savings that will be produced by the spending review carried out by Alternate Fin...
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