fiscal gap
Education
Institutions Present Draft Agreement to Athens as Negotiations Continue
On Sunday representatives of Greece's creditors presented the government with a draft agreement for completing the second review. According to a Greek finance ministry official, this included some "open issues" on which staff-level negotiations were continuing.
The biggest differences between the...
Economy
Greece Proposes New Taxes to Creditors to Close Fiscal Gap
The Greek government proposed to creditors new taxes and levies on cars, fuel, real estate, mobile telephony, internet connection and cable television in order to close fiscal gaps until 2018.
Athens needs to achieve a primary surplus of 3.5 percent...
Economy
Quartet of Representatives Turns Down Again a Government Proposal for a Financial Transaction Tax
In seeking ways to close the “fiscal gap,” the Greek government has proposed to the country’s lenders on at least two different occasions imposing a financial transaction tax. The proposal was rejected both times.
Nonetheless, Greek officials involved in current...
Economy
Creditors Reps Return to Greece, New Measures Might be Needed
The quartet of Greece's creditors return to Greece on Monday to discuss several issues that remain unresolved, with the finance minister worrying that new fiscal measures might be needed.
Finance Minister Euclid Tsakalotos says that the bailout program evaluation must...
Economy
Troika Returns to Athens to Assess Greek Economy and Start Negotiations
The troika of international creditors returns to Athens on Thursday to start assessing the state of Greece's economy, complete the review of the second bailout program and start working on the third.
According to a Proto Thema newspaper report, the...
Economy
Parliament Budget Office: 'No Agreement' Will See Greece Losing 50 Bln Euros
The Greek Parliament Budget Office has warned the government regarding the 2015 state budget process and more specifically the revenue shortfall, the fiscal gap's widening and the increasing spreads, calling at the same time to take its decisions “as...
Economy
Troika Hands Athens List of 19 Tough Demands
Troika envoys have sent Finance Minister Gikas Hardouvelis a list of 19 tough reforms they want Athens to implement for their latest evaluation to be completed before the Eurogroup summit on December 8, according to a Kathimerini report.
One of...
Economy
Troika: Social Security Bill Won’t Cover the Fiscal Gap
According to European sources, the cut on social security expenses will not totally cover the fiscal gap of the next year. It seems that Troika and the Greek government have different opinions on the needed austerity measures for the...