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 and lenders yet to agree on how to drop pension cuts without creating fiscal gap
Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
Speaking to journalists in Luxembourg on Thursday, Regling welcomed the fact that Athens presented a draft 2019 budget with two scenarios, adding that this created a good basis for discussions. However, he noted that the volume of the excess surplus was...
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