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Eurogroup
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EconomyProgramme
Athens and lenders search for budget compromise by Thursday's EWG Greece and the European institutions appear to be just days away from a compromise over next year’s budget, although the form that their agreement will take is a matter of some dispute.
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EconomyProgramme
Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
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EconomyProgramme
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
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EconomyProgramme
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.
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EconomyProgramme
Athens aims for November agreement with lenders on pension cuts It appears that Greece and its European lenders will attempt to settle the pension cuts issue at a special Eurogroup meeting that is due to take place on November 19 with the primary aim of preparing eurozone reform measures for the European Council to discuss in December.
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PoliticsGreek Politics
As budget talks drag on, parties focus on inflicting damage via graft claims In the absence of a concrete agreement with the institutions over whether next year’s pre-legislated pension cuts can be cancelled, the domestic political agenda is being taken up by the parties trading accusations over alleged corruption.
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EconomyMacroeconomy
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.
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EconomyProgramme
Athens to send draft budget to Brussels after talks with IMF on pensions The Greek government is expected to submit to the European Commission a version of its 2019 budget that is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied and one in which they are not.
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PoliticsGreek Politics
Coalition hopeful on pensions, looks to maximise impact of limited relief measures The Greek government is becoming increasingly optimistic that it can avoid next year’s pension cuts and is starting to focus on how it can maximise the positive political impact of the pared down compensatory fiscal measures it will be able to implement if European lenders agreed to Athens’s request to scrap the reduction to spending on retirees.
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EconomyProgramme
Eurogroup suggests there is scope for pension cuts to be called off The Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year.