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EconomyProgramme
Question mark over pension cuts in 2019 draft budget as Athens looks to lenders The Greek government will not include next year’s pension cuts in the 2019 draft budget due to be submitted to Parliament on Monday as it steps up its efforts to scrap the measure, which was pre-legislated last year.
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EconomyProgramme
Athens prepares 2019 draft budget amid pension cuts dilemma The Greek government is set to take the next step in its efforts to call off next year’s pension cuts, when it submits the draft 2019 budget but finds itself in a delicate balancing act between domestic political pressures and the creditors’ concerns.
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PoliticsGreek Politics
Lenders set to keep coalition waiting for answer on pension cuts The Greek government is likely to have to wait until the December 3 Eurogroup until it finds out whether its request for next year’s pension cuts to be shelved will be accepted by the country’s lenders.
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EconomyProgramme
Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance Finance Minister Euclid Tsakalotos is due to speak with investors in London on Thursday but it is the discussion with the institutions over next year’s pension cuts, rather than market access or investments, that is topping the agenda at home.
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EconomyProgramme
No imminent decision on pension cuts as Athens moves ahead with minimum wage increase The latest indications received by the Greek government from its lenders suggest that a final decision on whether next year’s pension cuts will have to be implemented will not be taken before the Eurogroup meeting on December 3.
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EconomyProgramme Lenders' visit concludes with no firm answer on pension cuts The first post-programme inspection by the institutions is due to be wrapped up on Friday with no final decision on whether the pension cuts due to be implemented next year will be called off, but with the Greek government confident that it will be granted this concession by its lenders.
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EconomyProgramme
Fiscal matters expected to dominate talks as lenders return for post-MoU check The institutions are due to carry out their first post-programme inspection in Greece this week, with next year’s pension cuts topping the agenda for their brief visit to Athens.
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EconomyProgramme
IMF voices concerns over long-term debt, sees more relief being needed In the report of the Article IV consultation with Greece, the International Monterary Fund (IMF) updated its Debt Sustainability Analysis (DSA) to incorporate the debt relief measures that were agreed by the Eurogroup in June.
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EconomyProgramme
Delay to final tranche over island VAT as lenders quash talk of pension cut reversal The final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean islands.
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EconomyProgramme
Pension cuts dominate discussion as eurozone prepares to release final bailout tranche Ahead of the rubber-stamping of Greece’s post-programme surveillance and Friday’s Eurogroup, the discussion about next year’s pension cuts is continuing.