×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
18
Dec 2025
weather symbol
Athens 12°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

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

Weather: Successive bad weather from the weekend with showers and a drop in temperature

December 18, 2025

Pappas missing after beating of journalist in Strasbourg: The Famelos–Arvanitis phone calls for expulsion & Polakis’s objections

December 18, 2025

30-year-old surrenders in Kalamata over the double murder in Finikounta

December 18, 2025

The farmer’s application, EYDAP tariffs (decisions today), Zoe’s reality show, K.M. in Davos, Papachelas’s documentary

December 18, 2025

Dialogues with Konstantopoulou’s shows: Illegal video recordings, threats against spouses, and questions about the NGO

December 18, 2025

The government awaits the final decision of the blockades: Readjustment of stance in case of a definitive refusal of dialogue

December 18, 2025

A strong double-digit lead of New Democracy over PASOK is shown by the latest three polls – What they say about Tsipras and Karystianou

December 18, 2025

French farmers blockade the EU-Mercosur deal: Paris and Rome want to delay the vote

December 17, 2025
All News

> Culture

Mendoni: A new starting point for 21st-century museums to meet challenges and expectations

What she said at the conference “Museums in Transition: Tools, Practices and Vision for 21st-Century Museums”

December 17, 2025

7,000-year-old wall found at the bottom of Brittany may explain the myth of the lost city

December 17, 2025

MOMUS Air: A new museum opened at Macedonia Airport – See pictures

December 16, 2025

Athens is sold out everywhere, from nightclubs and restaurants to theaters and cinemas

December 16, 2025

Alberto Eskenazy, the handsome man of stage and screen who put family above career

December 16, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα