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EconomyProgramme
Piecemeal process likely in drive for more fiscal space It is becoming increasingly clear that the Greek government will have to be patient in its bid to gain greater fiscal space, a move that would allow it to live up to its promise to voters of easing the tax burden.
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EconomyProgramme
Athens steps up drive for fiscal space as fifth post-MoU review continues Monday’s Eurogroup in Brussels will provide the first opportunity for the Greek government to sound out European officials regarding its efforts to create more fiscal space, while discussions will continue in Athens this week regarding the fifth enhanced surveillance review.
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PoliticsGreek Politics
Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space Speaking to business leaders on Monday, Prime Minister Kyriakos Mitsotakis set out his government’s economic priorities for the year, reiterating New Democracy’s determination to create more fiscal space for tax cuts, a move that will also depend on the acquiescence of Greece’s lenders.
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EconomyProgramme
Eurogroup approves SMP and ANFA profit release, decision on investment use postponed The Greek authorities left yesterday’s Eurogroup having secured the release of the profits that eurozone central banks made as part of the SMP and ANFA programmes.
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EconomyProgramme
Eurogroup to approve release of bond profits but bid to repurpose funds falls flat Wednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond profits it will receive.
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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
Focus shifts to DSA, fiscal targets after IMF loan prepayment The Greek Finance Ministry announced on Monday that the process of prepaying some of the outstanding obligations to the IMF has been completed after Athens paid ahead of time 2.7 billion euros.
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EconomyProgramme
Greek govt gears for final Eurogroup of 2019, hoping for better terms The Greek government has set its sights on the last Eurogroup of the year, hoping that it will manage to secure from the country’s official creditors higher investment spending through the allocation of SMP and ANFA profits that are due to be released in two tranches next year, and a looser fiscal path from 2021.
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EconomyProgramme
Athens strives to bridge fiscal gap before unveiling 2020 draft budget European Economic Affairs Commissioner Pierre Moscovici has given assurances ahead of his visit to Athens on Friday that the Greek government and the institutions will be able to bridge the fiscal gap for 2020 before the draft budget is submitted to Brussels on October 15.
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EconomyProgramme
IMF warns of uphill battle for economy as Athens seeks to close 2020 fiscal gap The International Monetary Fund (IMF) concluded its consultations with the Greek authorities in the context of its Article IV mission with a statement issued on Friday afternoon in which its staff outline the challenges that the new administration will face.
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EconomyProgramme
Fiscal issues top agenda as fourth post-MoU review gets underway The fourth post-programme review is due to begin in Athens on Monday, with fiscal issues expected to top the agenda as the government prepared to include the tax cuts announced by Prime Minister Kyriakos Mitsotakis in the 2020 draft budget.