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
Eurogroup suggests there is scope for pension cuts to be called off
The Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year.
The issue was not on the official agenda of Monday’s Eurogroup meeting, but it is believed that the matter was discussed at the sidelines by Finance Minister Euclid Tsakalotos and other officials in Luxembourg, especially as the meeting coincided with t...
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