×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
22
Dec 2025
weather symbol
Athens 14°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

Mitsotakis meets Abbas in Ramallah; One-on-one meeting with Netanyahu and Greece–Cyprus–Israel trilateral to follow

Interview poll: Pierrakakis, Dendias, Georgiades the most active ministers, Karystianou ahead of Tsipras

Mitsotakis in Jerusalem: Defense, energy, and regional security at the center of talks

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

23 new trains are coming to the tracks of the Greek railway – Contract to be signed between the State and Hellenic Train

December 22, 2025

Most of Iran’s enriched uranium remains in the country, Grossi says

December 22, 2025

Scientists talk of the risks of climate change to pregnant women and infants

December 22, 2025

HR in the digital age

December 22, 2025

War in Ukraine: Whitkov described talks in Miami as “constructive,” but no clear progress was made

December 22, 2025

Ancient treasures unveiled: The Royal Palace of Pella opens to the public with stunning Hellenistic statues

December 22, 2025

The Greek Christmas dessert that was named the best in the world

December 22, 2025

Twenty -five festive options for an epic Christmas dinner

December 22, 2025
All News

> Greece

23 new trains are coming to the tracks of the Greek railway – Contract to be signed between the State and Hellenic Train

In an important move, the Ministry of Transport is expected to proceed shortly with the signing of the revised contract between the Greek State and Hellenic Train for significant Italian investments in the railway network. In this context, and according to information from protothema.gr, Hellenic Train is expected to put 23 new trains on the […]

December 22, 2025

HR in the digital age

December 22, 2025

Among the top 103 surgical educators worldwide: Professor Georgios Tsoulfas of Aristotle University of Thessaloniki

December 22, 2025

Farmers block the Tempi tunnels to trucks – Map shows all roadblocks throughout Greece

December 22, 2025

Episode 3 in the Psycharis family dispute – Widow responds to artwork ownership

December 22, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα