Athens warned about missing fiscal targets rather than changing them unilaterally

EconomyProgramme Tags: Budget, ESM, Eurogroup, IMF
Klaus Regling

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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