×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
21
Dec 2025
weather symbol
Athens 15°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

Agricultural unionist of the Malgara roadblock, Kostas Anestidis, under investigation for illegal subsidies of €122,000

December 21, 2025

At the “Grande Bretagne” with the Executive Chef: The festive menu, the secrets and the stories of the iconic hotel

December 21, 2025

What the farmers decided in Nikaia: They will close the Tempe tunnels to trucks tomorrow

December 21, 2025

They set up a rave party on the steps of a church in Lambrini… with the blessings of the Municipality of Athens – See photos

December 21, 2025

Mitsotakis to farmers: Yes to dialogue, but not to the unreasonable – their stance is unconstructive, they should think of our country

December 21, 2025

Closed streets today in Athens for the Athens Santa Run 2025

December 21, 2025

Retailers target turnover to exceed €4.5 billion in December

December 21, 2025

2025, the year of revealing tax evasion: How digital audits via POS, IRIS and myDATA overturned decades-old practices

December 21, 2025
All News

> World

Embraer’s Eve made the maiden flight of the “flying car,” having received over 3,000 pre-orders

The company aims for certification in 2026 and first deliveries and entry into service in 2027

December 19, 2025

Rubio on the Ukraine peace talks: ‘There is progress, but we have a long way to go’

December 19, 2025

Nick Rainer had been diagnosed with schizophrenia weeks before murdering his parents

December 19, 2025

The Trump administration is preparing to release hundreds of thousands of documents in the Epstein case

December 19, 2025

No more famine in Gaza, but food insecurity remains, says UN

December 19, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα