×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
31
Jan 2026
weather symbol
Athens 12°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

USA: Gold and silver prices plummet after Kevin Wears is chosen to lead the Fed

January 30, 2026

The signatures were finalized for the first agreement to sell US LNG to Ukraine

January 30, 2026

Mitsotakis: In order to be a prosperous and democratic country, we must be safe – Citizens accept that defense spending is necessary

January 30, 2026

Severe bad weather arriving over the weekend: When storms will hit Attica – Warning for six regions

January 30, 2026

More than 3.5 million Epstein case documents made public: Andrew’s email about a “beautiful” 26-year-old Russian woman, 3,200 references to Trump

January 30, 2026

Communication between Gerapetritis and Rubio: Focus on the 6th round of the Strategic Dialogue in Athens

January 30, 2026

Syria: ‘Closed security zone’ declared in Al Hall camp, where relatives of Islamic State members live

January 30, 2026

Mitsotakis: Tax cuts mean wage increases – We said it, we did it!

January 30, 2026
All News

> Politics

Mitsotakis: In order to be a prosperous and democratic country, we must be safe – Citizens accept that defense spending is necessary

Statements by the Prime Minister from Zagreb, where the EPP Summit is taking place – He was asked to answer why Greece spends so much money on defense

January 30, 2026

Communication between Gerapetritis and Rubio: Focus on the 6th round of the Strategic Dialogue in Athens

January 30, 2026

Mitsotakis: Tax cuts mean wage increases – We said it, we did it!

January 30, 2026

Kyriakos Mitsotakis at the construction site of Kastelli airport

January 30, 2026

Senior diplomatic source: Critical juncture for the Cyprus issue – No basis for discussion of continental shelf and EEZ with Turkey

January 30, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα