Greece’s creditors are calling for additional permanent fiscal measures in order to achieve a 3.5% GDP primary surplus up until 20120, in the updated version of the bailout agreement that was submitted to Greek authorities.
The updated document, which is dated 22 November, includes a series of actions necessary to conclude the second bailout review that the Greek government will likely have difficulties implementing.
These include increasing the rate of collective dismissal from 5% to 10% and not restoring collecting bargaining. Additionally the creditors are calling for the abolition of the heating oil benefit and tax exemptions.
