×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
30
Dec 2025
weather symbol
Athens 12°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Politics

Sources: Details emerge on pending deal between Athens, institutional creditors

Leftist government maintains any deal won't include pension, wage cuts

Newsroom May 27 05:34

An increasingly cash-strapped and pressured Greek government on Wednesday hinted at the commencement of procedures for a “Staff Level Agreement” at a same-day Brussels Group session — a development that would signal the final stretch towards a deal with institutional creditors.

Government sources said Greek PM Alexis Tsipras continues to hold telephone contacts with top European and international leaders to “smooth over” obstacles and to finally achieve an extension of the second bailout package, which would free up 7.2 bln euros in favorable loans to the Greek state.

The same sources claimed the Greek side has not asked for an increase in the ELA ceiling, which is currently at 80.2 bln euros. A decision by the ECB’s board not to raise the ceiling was interpreted by some media as sending Athens a message not to expect more help on the liquidity front without a deal.

While a final text has still not been penned, some of the highlights leaked by the government on Wednesday include low primary budget surpluses for the next few years; no cuts in wages or pensions; what the leftist government calls “VAT reform”, and a “long-term solution for lessening the debt along with a developmental package.

>Related articles

Skertsos: In the field of road safety, we have proven that we can change if we want to

Marinakis on farmers: We must not reach Plan B — sanctions and judicial intervention if roadblocks continue

Plevris on farmers: If the obstruction of transport continues, it is the responsibility of the Justice system, not the government

Missing are the exact figures, details and deadlines for the mostly sketchy, still, measures.

As far as the all-important social security front, what the government calls “reform” most likely means an end to early retirement — excluding individuals who have already enshrined their eligibility — as well as a further unification of Greece’s myriad of pension funds.

The same sources put the “blame” on the IMF for the ongoing failure to work out a deal, saying the Fund wants a comprehensive approach, and not a “fast and cursory job.” Conversely, the EU and ECB want an agreement by the end of May, or so the Greek side maintains.

Ask me anything

Explore related questions

> More Politics

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

Cold wave coming on New Year’s Eve and New Year’s Day: Where it will snow, flakes even in Attica… and over the weekend the thermometer up to 20°C!

December 30, 2025

“40–50 people attacked me. I was trying to protect my head, telling myself ‘be patient, it will be over,’” recounts kickboxer Giannis Tsoukalas

December 30, 2025

38 migrants located on Farmakonisi, transferred to Leros

December 30, 2025

Emergency measures by the Municipality of Athens due to low temperatures

December 30, 2025

Germany: Heist targets over 3,000 bank lockers, €30 million in losses

December 30, 2025

Stuck in traffic: Better on foot, record …holiday traffic nightmare, 5 km/h slower speeds by the end of 2026

December 30, 2025

Skertsos: In the field of road safety, we have proven that we can change if we want to

December 30, 2025

Stock Exchange: March 2010 levels, “running” at 44.3% this year

December 30, 2025
All News

> Politics

Skertsos: In the field of road safety, we have proven that we can change if we want to

"What is needed now is consistency and continuity in order to stop mourning the loss of life on our roads and for Greece to stop being in the worst positions in Europe," the Minister of State said

December 30, 2025

Marinakis on farmers: We must not reach Plan B — sanctions and judicial intervention if roadblocks continue

December 30, 2025

Plevris on farmers: If the obstruction of transport continues, it is the responsibility of the Justice system, not the government

December 30, 2025

Plan B on the table for farmers as stance hardens – Chrysochoidis: There are provisions that can be applied

December 30, 2025

Mitsotakis: Farmers who want dialogue are being bullied, in the interest of keeping the front united

December 29, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα