contingency mechanism
Greece
PM Tsipras: Those Who Bet on Revenue Collapse Were Proven Wrong
Prime Minister Alexis Tsipras criticized the opposition for anticipating the collapse of public revenue and the activation of the contingent mechanism, following data showing an increase in state revenues in September, during a meeting with the government’s economic team...
Economy
ND's Staikouras Not Ruling Out Possibility of Early Elections
The program review of September will be difficult, coordinator of economic affairs, Christos Staikouras of the New Democracy (ND) party said to ANA-MPA.
ND, the main opposition of the SYRIZA-ANEL government also commented during his interview with the ANA-MPA that...
Economy
WSJ: Tsipras Doesn't Believe Greece Will Reach Budget Targets After 2018
Prime Minister Alexis Tsipras said that Greece won't be able to achieve its primary surplus budget target when the current bailout program expires in 2018, reports the Wall Street Journal. "We guarantee that we are going to reach the...
Greece
Greek Judges Union Issue Statement Against Long-Term 'Memorandum'
The Greek Association of Administrative Judges strongly reacted against the "long-term memorandum" whose victims are described to be workers, small businessmen and pensioners. These groups are being called to suffer the burden of the contingency mechanism, tax hikes as...
Economy
EWG Set for Staff Level Agreement on Greece
A meeting of the Euro Working Group (EWG) is taking place at this time in Brussels and is focused on reaching a staff level agreement on the completion of the program for Greece. The EWG meeting is believed to...
Economy
Gov't Sets to Work on Pending Issues: NPLs, Privatization, Contingency Measures
The government is already drafting the bill to close the remainder of open issues prior to Greece's program review before the next Eurogroup on May 24, said government sources following the cabinet meeting headed by leftist SYRIZA Prime Minister...