×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
12
Dec 2025
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

IMF to take full control of Greek GDP surplus

Creditors send draft staff level agreement to Greek government

Newsroom April 14 04:35

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

Mediterranean monk seal shot and killed at Mavro Lithari

December 12, 2025

The moment a Russian drone strikes a Turkish ship in the port of Odesa – Watch video

December 12, 2025

Mitsotakis meets the UN Secretary-General’s Personal Envoy for Cyprus

December 12, 2025

Illegal subsidies of about €1.7 million in OPEKEPE: The network, the roles of Hiletzakis and Lambrakis, and the “godparent connections”

December 12, 2025

Facebook, the digital café of 7.3 million Greeks: Memories, groups, news and fake news — what we discuss and what we share

December 12, 2025

Liakouli on tensions with Konstantopoulou: Parliament staff leave the committee in tears

December 12, 2025

20-year-old arrested at an intercity bus station in Athens for possessing and transporting a Kalashnikov

December 12, 2025

A child in Greece born from the sperm of a Danish donor has died of cancer — the sibling is also ill

December 12, 2025
All News

> Politics

Mitsotakis meets the UN Secretary-General’s Personal Envoy for Cyprus

María Ángela Holguín briefed the Prime Minister on yesterday’s trilateral meeting

December 12, 2025

Liakouli on tensions with Konstantopoulou: Parliament staff leave the committee in tears

December 12, 2025

Kyriakos Mitsotakis to farmers: On Monday at 17:00, I’m expecting whichever delegation you appoint at Maximos Mansion (updated)

December 12, 2025

Parliament begins debate on the 2026 budget, vote on 16 December

December 12, 2025

Mitsotakis convenes party’s Central Committee: What he will say about Pierrakakis, the budget, farmers, and the message of responsibility to the MPs

December 12, 2025
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2025 Πρώτο Θέμα