×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
11
Jan 2026
weather symbol
Athens 12°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Disagreement between institutions and Greece could lead to more measures

Talks at an impasse

Newsroom October 25 09:33

After three days of negotiations between the relevant Greek delegations and the country’s creditors no progress has been in the talks. During the first meetings the representatives of the institutions question whether the government can meet the 2017 primary surplus budget target, opening the window of more measures economic measures being implemented. The creditors have have raised serious doubts about the capacity of the Greek government to reach the goal of a budget surplus in 2017, something that would activate a clause on the technical programme that provides for the implementation of additional fiscal measures in the event targets are not met in the budgets of 2017 and 2018. These measures would include cuts in defence spending, reforms in the personal tax revenue and freezing of inflexible expenditure. On the labour front, little progress was made as both sides were entrenched in their positions. Labour Minister Katrougalos reopened the matter collective bargaining in the labour market, but the institutions claimed its reintroduction would be be counterproductive for the economy. Meanwhile. during talks between the social partners and the creditors, it was revealed that the proposal for reducing the minimum wage from 510 Euros to 490 had been tabled by Katrougalos and not the lenders. Finally, there was also disagreement on the matter of the “Social Solidarity Benefit”, as only 570 million Euros have been found for the needs of 900 million to cover benefit.    

Ask me anything

Explore related questions

#Arnold Schwarzenegger#austerity#economy#finance#fiscal#greece#imf#measures
> 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

In the shadow of the bribery video, Christodoulides’ wife resigns from the Independent Social Support Agency, denounces “relentless” attacks

January 11, 2026

Cartel de los Soles at the Presidential Palace of Caracas: The drug-trafficking network that Chávez set up with Sinaloa and that kept Maduro in power

January 11, 2026

Trump “weighs” a strike on Iran: Military not ready, fears of retaliation – “Foreign terrorists” kill civilians & burn mosques, Pezeshkian says

January 11, 2026

Urgent Weather Alert from the Hellenic National Meteorological Service: Severe cold wave from this afternoon – Areas where snowfall is expected

January 11, 2026

Mitsotakis’ first review for 2026: The international community cannot ignore authoritarian regimes

January 11, 2026

Bob Weir, co-founder of the Grateful Dead, dies at 78

January 11, 2026

Sports broadcasts of the day: Aris – AEK and the Real Madrid – Barcelona final stand out

January 11, 2026

How the “civilized” Americans exterminated the “barbarian” Apache Indians:The ten-year war that began with a misunderstanding

January 11, 2026
All News

> World

Cartel de los Soles at the Presidential Palace of Caracas: The drug-trafficking network that Chávez set up with Sinaloa and that kept Maduro in power

Evidence from U.S. authorities about the cocaine and fentanyl trafficking cartel created by the Chávez regime, “inherited” by Maduro and used to remain in power, pushing 250 tons of drugs a year onto American and European streets

January 11, 2026

Trump “weighs” a strike on Iran: Military not ready, fears of retaliation – “Foreign terrorists” kill civilians & burn mosques, Pezeshkian says

January 11, 2026

Who is Maryam Rajavi, presented as a “ready-made solution” for the day after Iran, her movement, and its financial backing

January 11, 2026

The US ready to help Iranians, says Trump – Officials discussed scenarios for an airstrike

January 10, 2026

“I am preparing to return”: The exiled son of the Shah of Iran wants to sit on the Peacock Throne, and the protests are his opportunity — he calls for an uprising

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