In addition to the measures of 1.8 billion euros to be voted on Sunday and the 3.6 billion euros measures that have already passed for 2016-2018, the government revealed the plan for the fiscal mechanism for automatic cuts which will be activated not only if the state does not achieve deficit forecasts, but also development forecasts.

That means that if Greece does not manage to achieve economic growth and economic stability, more measures and cuts will be applied.

The government also assumes two more commitments in order the mechanism for automatic cuts to be applied:

– in the second semester of each year, it can take emergency measures of up to 3.5 billion per year (2% of GDP).

– Until June, it can put aside 10% of budget expenditure, ie about 4 billion euros, until to see if cuts are needed or the government must impose new measures and tax hikes