×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
28
Sep 2026
weather symbol
Athens 23°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

September 27: The assassination of Greece’s first Governor Ioannis Kapodistrias

Mitsotakis: Our priority is the cost of living amid a period of international uncertainty

Ten years since the failed coup attempt in Turkey: The unknown story of the eight Turkish officers who arrived in Greece

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

Extortion squad investigates suspected arson at Athens café where man was shot dead in 2023

September 28, 2026

The 43 million-view video that made a US mother go viral: The truth behind the footage of her holding her child & food while her husband was eating (video)

September 28, 2026

Nirvana honoured at the 2026 MTV VMAs: Tribute to Kurt Cobain – “He was one of a kind, he would have loved this legacy” (video)

September 28, 2026

The 13th Tour du Péloponnèse has begun (video-photos)

September 28, 2026

Papadopoulou biscuit maker’s waste dumped in Athens’ Kifissos river and passed off as sewage

September 28, 2026

For the first time in their history Greece beat Germany for top Nations League group

September 28, 2026

The Greek Prime Minister’s return, the small, bigger and toughest tasks awaiting Maximos Mansion, the IASO deal is sealed and Grimaldi steers clear of Attica Group ///

September 28, 2026

Winter energy costs and party infighting await Greek prime minister after US trip

September 28, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα