×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
14
Nov 2026
weather symbol
Athens 23°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> Economy

IMF to take full control of Greek GDP surplus

Creditors send draft staff level agreement to Greek government

Newsroom April 14 04:35

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The draft of the staff level agreement between Greece and its creditors provides that the IMF will have complete oversight of the Greek GDP surpluses, as protothema.gr is in the position to know. The agreement, which was forwarded to the Greek government, will give the Fund the capacity to control and either verify or reject data by the Greek Statistical Services (ELSTAT) regarding the course of the surplus. In light of this, the IMF will decide on whether pensions cuts equal to 1% of GDP will take effect, with subsequent countermeasures (benefits) the Greek Finance Minister alluded to during his press conference in Malta, in then event the Troika (in essence the IMF) project a primary surplus for the second term of 2018 of 3.5% of the GDP for 2018. In the event the primary surplus amounts to 2.5% of GDP for 2018 then the 1% pension cuts will take effect without countermeasures from the start of 2019, while if the primary surplus proves to be 1.5% for 2018 then apart from 1% GDP pension cuts there will also be an additional series of measures on the free tax threshold worth 1% of GDP will be enacted earlier in 2019 instead if 2020.

Ask me anything

Explore related questions

#agreement#GDP#government#greek#imf#surplus
> 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

Millions buried in Hungarian forests unearthed in corruption investigation involving Orbán’s former minister

November 14, 2026

Two firefighters, aged 23 and 44, killed in building collapse during blaze in Athens suburb, third injured

November 14, 2026

US flight chaos continues with more than 11,500 cancellations, thousands stranded and ongoing disruption

November 14, 2026

Greek PM tells Wall Street Journal that Greece aims for growth twice the eurozone average ahead of 2027 elections

November 14, 2026

Why the EU wants citizens to stock up on 72-HR supplies: EC explains new emergency preparedness guidelines

November 14, 2026

US airspace reopens but chaos continues at airports, with thousands of passengers stranded amid cancellations and delays

November 14, 2026

Microsoft’s outage sent the world back decades: Fax machines, landlines and handwritten prescriptions

November 14, 2026

Two oil tankers engulfed in flames in Strait of Hormuz after hitting mines, Iran’s Revolutionary Guards say

November 14, 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