creditors

The government is sparring with Greece’s creditors over the pension cuts issue, as the line from Brussels is that Athens cannot at once scrap legislated pension cuts and implement all the anti-austerity measures that Prime Minister Alexis Tsipras announced at the September Thessaloniki International Fair, especially since revised divs on Greece’s growth rate in 2019 […]

As long as the government walks the tightrope between electoral handouts and ensuring economic stability, there is a growing danger that the country will face a new impasse.

The Greek finance minister argued that the latest fiscal data justify the projection that there will be fiscal space beyond the 3.5 percent primary surplus target, not only for 2018, but for 2019 and subsequent years.

The Greek Finance Ministry denied today’s report by the state-run Athens News Agency, which cites unnamed EU officials who said that the government and creditors have struck a deal to scrap pension cuts

Pons stressed that, 'We are concerned that there may be a return to populism in the next elections. It is in your hand. In 2015, you made a mistake. Populism is neither right-wing nor left wing.'

Clearly, the prime minister is attempting to maintain a balance between his electoral planning, the pressures from within his party, and the country’s commitments to creditors.

Government spokesperson Dimitris Tzanakopoulos ruled out the prospect of early...

The Minister of Finance Euclid Tsakalotos underlined that Greece is seeking an ‘honest...

Greece’s creditors appear skeptical about the government’s primary surpluses for 2017...