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![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-small.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
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Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
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Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
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Piecemeal process likely in drive for more fiscal space
Athens takes heart from Gentiloni, Lagarde comments but still has distance to cover
During the first visit to Athens of the new Economic Affairs Commissioner Paolo Gentiloni, the Greek government stepped up its efforts to secure more fiscal space that will allow it to continue its policy of tax cuts.
As Prime Minister Kyriakos Mitsotakis welcomed the Commissioner and with the television cameras present, he grabbed the opportunity to raise the issue of the reduction of primary surpluses from 2021, instead of 2023 as is scheduled, noting that “soon an...
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