×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
06
Jun 2026
weather symbol
Athens 21°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Greek government to impose a “general cutter”

EuroGroup meeting the fist step

Newsroom December 2 09:10

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

In hopes to dispel any rumours of a negative outcome of Monday’s EuroGroup meeting and appease the markets and possible investors in the Greek economy, the Greek government is signalling that it is close to an agreement with its creditors on the completion of the second review on the Greek bailout program. At this juncture the most likely scenario is that the December 5 EuroGroup meeting will only be one step in reaching a deal on the second review and not the much desired full agreement the government hopes for, as the participation of the IMF on the program is stop up in the air. A government source said that the second review would close without the imposition of any new measures, stressing that the claims by major opposition leader Kyriakos Mitsotakis that the negotiations were uncertain would be disproven. The Greek government has already proceeded to adopt measures that would close the 2018 fiscal gap, satisfying the European part of the creditors, while the issues of mass layoffs and collective bargaining are still pending. At the same time ii is exploring ways to meet the lenders’ demands for high GDP surplus targets for 2019 and 2020 in such a way that it can avoid specifying the measures. According to sources, the government is prepared to introduce the “cutter”, as was done ion the previous review, in order to achieve the agreed upon targets in the event it fails to reach a 3.5% GDP surplus for the two years. In this way it is trying to avoid the pressure by the IMF of imposing more austerity measures for that period, while assuaging public concerns that the fiscal gap will be covered through a rise in revenue and growth instead of more spending cuts or tax hikes. The government wants a deal in December to avoid prolonging economic volatility and thus be included in the ECB’s quantitative easing plan.

Ask me anything

Explore related questions

#EuroGroup#greek economy#program#review#second review
> 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

NASA’s “Quiet Concorde” to be tested at supersonic speeds for the first time, could cut New York–London flight time to four hours

June 5, 2026

The “Resurrection” of Mystras after 777 years of decay & 42 years of restoration work: The castle town is now open to visitors

June 5, 2026

Samaras on a new party: “They tell me I’ve reached 75, why don’t I sit quietly? I reply: in struggles for the homeland there is no retirement – I have made my decisions”

June 5, 2026

Another Paros: Finding the Island’s True Character

June 5, 2026

SYRIZA Political Secretariat approves Famellos’ proposal to reach out to Tsipras – Final clarification tomorrow at the Central Committee

June 5, 2026

Iran “throws the ball back” to Trump: $24 billion stands between Tehran and Washington as negotiations reach a deadlock

June 5, 2026

Trump and Patriarch Theophilus discussed the protection of Christians in the Middle East

June 5, 2026

George Souflias has died at the age of 85

June 5, 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