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EconomyProgramme
EC warns budget not on track due to handouts, advises against further underspend Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
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EconomyProgramme
Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections The European Commission is due to publish on Wednesday the third enhanced surveillance report, highlighting that recent fiscal interventions by the government have cast doubt over whether this year’s primary surplus target will be reached.
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EconomyProgramme
Primary surplus target still on lenders' agenda despite snap elections There have been reports that the European Commission might not publish its third enhanced surveillance report next week, but it is certain that the issue of meeting this year’s fiscal targets will not disappear for the current Greek government or its successor.
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EconomyProgramme
Payment plans for overdue debts launched as Athens looks for revenue boost There appears to have been keen interest in the schemes launched this week allowing taxpayers to settle their unpaid taxes and social security contributions in up to 120 instalments, possibly boosting the government’s efforts to convince the institutions that Greece will be able to meet its fiscal targets this year.
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EconomyProgramme
Athens warned about missing fiscal targets rather than changing them unilaterally 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.
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EconomyProgramme
Athens moves ahead with expansionary measures as it waits for lenders' response The Greek government is set to find out this week what the institutions think about the package of positive measures submitted to Parliament on Monday and due to be voted into law by Wednesday.
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EconomyProgramme
Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus The Greek government and the opposition have been given some encouragement in their goal to avoid the pre-legislated reduction of the tax-free threshold for incomes by European Commission vice president Valdis Dombrovskis.
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EconomyProgramme
Early IMF repayment next goal for Athens after concluding second post-MoU review The Greek government is aiming to come to an arrangement with its lenders in the coming days so that it can pay off early at least some of the 10 billion euros it owes to the International Monetary Fund.
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EconomyProgramme Lenders deem second post-MoU review over, Athens waits for debt relief The European Commission issued on Wednesday the update to its second post-programme surveillance report which should pave the way for the Eurogroup on Friday to approve the release of close to one billion euros in debt relief.
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EconomyProgramme Athens hopeful release of 970 mln will be approved at Friday's Eurogroup There is growing optimism in Athens that Friday’s informal gathering of eurozone finance ministers will result in a green light for the disbursement of 970 million euros as part of the latest round of debt relief measures.