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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgrammeAside from marking the completion of Greece’s third and final European Stability Mechanism (ESM) programme, last Thursday’s Eurogroup also outlined the set of commitments that the Greek authorities will have to undertake so the complete set of reforms are successfully signed off.
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeDetails of the post-programme framework that is set to be agreed at Thursday’s Eurogroup, ensuring that Greece meets its fiscal and reform targets in the future, have been published.
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Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
EconomyProgrammeThe government will be looking to demonstrate a significant reduction in its list of 88 prior actions by the June 21 Eurogroup, including covering ground on several major privatisations.
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MTFS outlines ambitious economic and fiscal road for next four years
EconomyProgrammeThe government tabled in Parliament on Friday evening the Medium-Term Fiscal Strategy (MTFS) for 2019 - 2022 as part of the multi-bill containing the measures needed for the conclusion of the fourth and final programme review.
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The first cut is the deepest? Greek pension reforms in context
By:
EconomyFeaturesIt is 5:59am on a Sunday morning. The host of the morning talk show, a man of near-pensionable age – a look he has affected for well over a decade – adopts an alarmed look. The caption screams “NEW PENSIONS MASSACRE”. Projected on the backdrop, a dense table of numbers several columns wide defies legibility, and several talking heads are lined up in a panel to argue vociferously and incoherently over how badly pensioners can expect to suffer from the latest spending cuts.
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Multi-bill and MTFS heading to Parliament for conclusion of fourth review
EconomyProgrammeThe multi-bill containing the legislation that aims to wrap up the remaining prior actions is due to be submitted to Parliament on Friday along with the 2019-2022 Medium-Term Fiscal Strategy (MTFS) as Greece moves a step closer to completing the fourth review.
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Two weeks left for Athens to settle last remaining prior actions
EconomyProgrammeThursday, June 14, is widely seen as the date by which the Greek government needs to have completed any legislative work related to the fourth review so that the lenders can reach an agreement on the remaining issues by the time the Eurogroup takes place a year later.
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High expectations and landmarks on road to privatisations in 2018
EconomyProgrammeGreece’s privatisation programme is a key component in the institutions and the Greek authorities’ growth projections as the asset development programme which includes direct sales, concessions, securitisations and other forms of monetisation is expected to contribute to boosting private investment.
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgrammeA swift staff-level agreement (SLA) was reached between Greece and the institutions last Saturday and the details of the deal were revealed in the Supplemental Memorandum of Understanding (sMoU) was published by the European Commission on Thursday.
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Concerns raised about next year's pensions cuts
EconomyFeaturesEmployees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.