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Pensions
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Legal
The Court of Audit's opinion on new pension cuts and its implications According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution of pensions and to the conditions for such an attribution are only introduced by the Minister of Economics following a Court of Audit’s Opinion respectively (…)”.
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EconomyMacroeconomy
Labour Ministry publishes latest pension breakdown The Labour Ministry's IDIKA bulletin showed that annual pension cost for social security funds stands at 28.11 billion, or 16 percent of GDP.
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EconomyProgramme
Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln The Finance Ministry tabled a legislative improvement in the multi-bill with prior actions, presenting the impact of the 2015-2016 social security fund interventions up to 2021.
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EconomyProgramme
Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year The government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.
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PoliticsGreek Politics
Court ruling on pension cuts more political problem than legal obstacle for govt The government insisted on Wednesday that the vote on the multi-bill is due to go ahead as normal next week despite the Court of Audit raising doubts about the pension cuts included among the measures that Greek MPs need to approve.
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EconomyProgramme
Details of technical agreement between Greece and lenders set out in draft sMoU The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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EconomyProgramme
Greece agrees package of measures with IMF, eurozone to seal review Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
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EconomyProgramme
Athens and creditors get down to details in final stretch of review The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.
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EconomyProgramme
Compromise proposal on table ahead of Friday's Eurogroup Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.
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PoliticsGreek Politics
Progress seen in Brussels talks but no deal in sight yet There was progress but no breakthrough during the talks between Greek ministers and representatives of the institutions in Brussels on Tuesday evening.