primary surplus

The IMF is doubtful that Greece can sustain the primary surplus it achieved in 2016, nor is it convinced that the country can keep up a figure that is seven times higher than its bailout target, as reported by...

  Primary surpluses of 3.5% over the next ten years are not feasible or achievable, and this is well known, International Monetary Fund Managing Director Christine Lagarde said on Wednesday. Lagarde spoke during an event in light of the IMF Spring...

Greece must exceed a primary surplus budget target of 3.5% of GDP in order to permit the application of countermeasures, stated President of the Eurogroup Jeroen Dijsselbloem in a note to the Dutch Parliament The same document -- also revealed...

The final reading on the primary surplus of 2016 will be published in April, the president of Greece’s statistics office ELSTAT, Thanasis Thanopoulos said on Wednesday, during a briefing of a parliament committee on the execution of the budget...

European institutions and the International Monetary Fund have agreed between themselves to present a common stance towards Greece in talks on the bailout program review, Reuters says. Talks between Greece and lenders have stalled since mid-December as Athens disagreed...

The International Monetary Fund report on the progress of the Greek economy in 2016 and in subsequent years shows that contingency fiscal measures will be necessary for the country to reach its bailout program targets. According to the final document...

German Finance Minister Wolfgang Schaeuble reiterated that Greece's current bailout program will not be valid without the participation of the International Monetary Fund. In a Wall Street Journal interview published on Monday, Schaeuble repeated a statement he made last week...

Greek Finance Minister Euclid Tsakalotos said that more fiscal adjustment measures might be taken after Greece's third bailout program ends. Tsakalotos spoke to Sunday's edition of Kathimerini newspaper saying that there is a possibility lenders will ask for the automatic...

Deputy Finance Minister Giorgos Chouliarakis sent to all pertinent ministries clear guidelines for the smooth implementation of the 2017 budget and a four-page MoU. In the Memorandum of Understanding which all ministers are asked to sign, Chouliarakis asks for "loyalty"...

A letter from Greek Finance Minister Euclid Tsakalotos to creditors reaffirming Athens' commitment to the bailout program obligations has been leaked to the press. Greece's lenders had asked from Tsakalotos to send a letter of commitment to reassure that the...