fiscal targets

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...

Government Spokesperson Dimitris Tzanakopoulos on Tuesday said that Greece is willing to agree on contingency fiscal measures beyond 2018 in order to close the second review of the bailout program. Tzanakopoulos called the measures "enhanced guarantee mechanism," which is similar...

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...

On Monday the president of Eurogroup, Jeroen Dijsselbloem, told eurozone finance ministers that the time for realistic expectations regarding Greece's fiscal targets is on the horizon as he bluntly stated: "We need to be realistic" about setting expectations for the...

Fiscal targets set by the Greek government were achieved for the third consecutive year with an additional significant primary surplus for the third time, while the country entered a period of positive economic growth, said today Alternate Finance Minister...

The IMF has estimated that Greece's financial needs in 2015-2016 will amount to approximately 25 billion euros. The announcement was highlighted in the IMF's bi-annual "Fiscal Monitor" report, which was released yesterday. 2015 in particular will see Greece strapped for...

A last-minute disagreement between Greek Finance Minister Gikas Hardouvelis, Samaras advisor Chrysanthos Lazaridis and government VP Evangelos Venizelos has caused a delay in today's troika meeting. On Tuesday, the Greek government completed its first round of negotiations with the representatives of the country’s...