×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
29
Mar 2026
weather symbol
Athens 10°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

IMF to take full control of Greek GDP surplus

Creditors send draft staff level agreement to Greek government

Newsroom April 14 04:35

The draft of the staff level agreement between Greece and its creditors provides that the IMF will have complete oversight of the Greek GDP surpluses, as protothema.gr is in the position to know. The agreement, which was forwarded to the Greek government, will give the Fund the capacity to control and either verify or reject data by the Greek Statistical Services (ELSTAT) regarding the course of the surplus. In light of this, the IMF will decide on whether pensions cuts equal to 1% of GDP will take effect, with subsequent countermeasures (benefits) the Greek Finance Minister alluded to during his press conference in Malta, in then event the Troika (in essence the IMF) project a primary surplus for the second term of 2018 of 3.5% of the GDP for 2018. In the event the primary surplus amounts to 2.5% of GDP for 2018 then the 1% pension cuts will take effect without countermeasures from the start of 2019, while if the primary surplus proves to be 1.5% for 2018 then apart from 1% GDP pension cuts there will also be an additional series of measures on the free tax threshold worth 1% of GDP will be enacted earlier in 2019 instead if 2020.

Ask me anything

Explore related questions

#agreement#GDP#government#greek#imf#surplus
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Ross “The Boss” Friedman, founding guitarist with Manowar and The Dictators, dead at 72

March 28, 2026

The great singer Marinella has passed away (videos)

March 28, 2026

James Tolkan, known for “Back to the Future” & “Top Gun,” dies at 94

March 28, 2026

In the Tel Aviv area hit by a cluster bomb, a 60-year-old man dies after failing to reach a shelter (video)

March 28, 2026

Marinakis: Elections will take place in 2027, Prime Minister rejects any proposals for early polls

March 28, 2026

Who are Yemen’s Houthis, how powerful are they and what the missile launch toward Israel means

March 28, 2026

CNN Analysis: The seven islands controlling the Strait of Hormuz and the strategy that could determine Gulf dominance

March 28, 2026

Dukas, Geroulanos, Diamantopoulou, and Venizelos take the stage at PASOK Congress – Focus on post-election strategy & rejection of cooperation with New Democracy

March 28, 2026
All News

> Politics

Marinakis: Elections will take place in 2027, Prime Minister rejects any proposals for early polls

“Holding early elections just to gain in the polls is, at the very least, irresponsible. This is not Kyriakos Mitsotakis, this is not New Democracy,” said government spokesperson Pavlos Marinakis, dismissing speculation about snap elections

March 28, 2026

Dukas, Geroulanos, Diamantopoulou, and Venizelos take the stage at PASOK Congress – Focus on post-election strategy & rejection of cooperation with New Democracy

March 28, 2026

Norwegian arrested, Pakistani loses asylum: The “shadowy” paths of two “activists” operating in Greece

March 27, 2026

Cooperation between Greece’s Migration Ministry and the US DHS on illegal migration and returns – What is the CBP Home app

March 27, 2026

Giorgos Gerapetritis to visit Libya tomorrow, to meet General Khalifa Haftar

March 27, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα