×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Tuesday
08
Sep 2026
weather symbol
Athens 27°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Tsakalotos drops bombshell: Lenders require additional measures for 2019-20

FinMin admits for first time

Newsroom November 28 04:52

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Speaking at the Greek-American Chamber of Commerce conference on “Time of the Greek Economy,” Greek Finance Minister Euclid Tsakalotos officially acknowledged that that the creditors are pushing for additional measures for 2018 and on.
He said that it was neither fair nor reasonable for the IMF and other countries who don’t want to reduce the target for the primary surplus from 3.5% to 2.5%, to seek a compromise at Greece’s expense and at the same time push for additional measures for 2019 and beyond.
He also proposed a compromise with the countries that were against the relief measures, according to which, the primary surplus target would be reduced from 3.5% to 2.5% of the GDP and the Greek government would pledge to spend the entire 1% margin of difference on tax relief for SMEs or specific sectors and on promoting competitiveness.

However, he did not clarify whether the proposal had been made yet and if so, what answer he may have received.
He did argue, however, that the fiscal gap the institutions see in achieving the 3.5% primary surplus for 2018 has fallen to 0.1% of the GDP.

Ask me anything

Explore related questions

#creditors#euclid tsakalotos#GDP#greek economy#Hellenic-American Chamber of Commerce#imf#primary surplus#SMEs
> 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

Skydiver survives freefall over Nottingham after mid-air collision

September 8, 2026

Greek-American matchmaker charges $5,000 a month to find love in New York

September 8, 2026

Greek workers and pensioners set for wage and pension boosts after Thessaloniki Fair pledges

September 8, 2026

Mass deportations, schools without Pride and “patriotic” art: AfD’s vision for Germany

September 8, 2026

The imprint left by the Fair, the New Democracy “ingrate”, the Greek mega fund manager and Alexis’s Nephilim, developers’ anxiety, and news from the shipowners ///

September 8, 2026

US Navy SEALs spent four months secretly clearing Iranian mines from the Strait of Hormuz

September 8, 2026

Trump wants ‘Nazi’ and ‘Star Wars’-Inspired uniforms for U.S. space force

September 7, 2026

Greek Real Estate 2026: “Bubble” or Market Maturation?

September 7, 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