Greece

Prime Minister Alexis Tsipras has reportedly told the Greek cabinet the country will hit financial targets ahead, days after international creditors agreed with Athens a program of economic reforms. According to media reports, Tsipras also said Greece will not see...

The International Monetary Fund foresees a fiscal gap of 2.3 billion euros in the 2018 budget, which might mean that the pension cuts scheduled for January 1st, 2019 will be implemented earlier. Greek finance ministry sources downplay the IMF forecast...

Labor reform issues and the fiscal gap in 2018 will be the focus of the meetings between the Greek government and the heads of institutions who will return to Athens on Tuesday for talks on Greece’s second program review,...

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...

The new bailout program for Greece continues to divide the country’s international creditors as the International Monetary Fund (IMF) refuses to go along with the reform guidelines proposed by Athens and EU officials. The position of the IMF is that...

Greece’s parliamentary budget office warns in its quarterly report of the appearance of a fiscal gap for 2016, thereby sending shivers down the spine of government officials who are trying to convince badly battered citizens that recovery is on...

The projected primary surplus for 2014 is less than expected creating a fiscal gap in the 2015 state budget, something that may lead the Greek government to ask for a new loan. The Brussels Group, the team of technocrats representing...

Technocrats representing the country’s creditors had the first in-depth talks with Greek government officials during the previous days in Athens. In these first “reconnaissance” contacts, the two sides focused merely on fiscal and macroeconomic issues, amid concerns that Greece...

Just days after Greece's agreement with its European loan partners, government officials express concerns that there will be fiscal gaps in the 2015 budget and a need for further aid. A few hours earlier, German Finance Minister Wolfgang Schaeuble made the...

The government considers that, since the past estimates have been proven true, there will not be a fiscal gap and this is the most serious disagreement with the troika, Greece 's Finance Ministry sources said on Tuesday referring to...

The Greek government and its foreign lenders have for the most part reached an agreement over a potential fiscal gap for 2014, which is one of the main issues that was holding up negotiations with the troika. However, troika officials...

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...

With Prime Minister Antonis Samaras predicting a recovery for Greece's economy as soon as next year, the country's international lenders are more worried about 2015-16, saying the outlook is "inherently uncertain” and will be the focus of negotiations with...

Greece and international creditors continue to disagree on several issues of the bailout program as Sunday's talks failed to bridge the gap between the two sides. Lenders, and the International Monetary Fund in particular, insist on the need of reforms...

No progress has been made after the fifth day of negotiations between Greece and creditors over the bailout program review, according to sources close to the talks. While talks on labor law reforms started on Sunday, the gap between the...