×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Saturday
07
Feb 2026
weather symbol
Athens 19°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

ESM annual report: Greece should implement cuts in pensions and tax threshold now!

ESM report comes after European Commission's Compliance Report calling on Greece to do the same

Newsroom June 21 04:01

The fiscal targets in Greece were also achieved through higher cuts in public investment, the European Stability Mechanism points out in its Annual Report shortly before the Eurogroup meeting.
After the European Commission’s Compliance Report, the European Stability Mechanism (ESM) Annual Report for 2017, which was published Thursday morning at the Annual Executive Meeting ESM Managers in Luxembourg, also urged Greece to immediately implement the necessary measures for the reduction of pensions and the lowering of the tax-free threshold sending a clear message to the embattled country.
From the ESM Annual Report:

Greece returned to financial markets in 2017, supported
by economic growth and successful reform
implementation under the second  and third  reviews
of the ESM programme. Despite strengthened market
confidence, the Greek economy faces a difficult
economic and financial environment. Greece
must address remaining challenges before the programme
concludes to ensure that it can build upon
its significant programme achievements in the post programme
period.
In 2017, Greece made substantial progress in implementing
reforms under the ESM programme, which
aims at restoring fiscal sustainability, safeguarding
financial stability, boosting growth, competitiveness,
and investment, as well as fostering a modern state
and public administration. The government also continued
clearing arrears using ESM funds and its own
resources, and thereby provided direct support to the
real economy. The officially recorded stock of arrears,
including tax refunds, stood at €3.3 billion at the end
of 2017, the lowest level since December 2014.

Read the full ESM Annual Report for Greece here

Ask me anything

Explore related questions

#annual report#ESM#European Stability Mechanis#greece#pension cuts#tax free threshold
> 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

Thessaloniki’s Flyover: Greece’s largest bridge project nears completion, set to revolutionize urban mobility

February 7, 2026

What kind of tourism do we want – Experts from around the world speak out: “Stop issuing permits that will turn Greece into Costa del Sol

February 7, 2026

Vinyl records make a comeback: Record stores return as an aesthetic choice, not just nostalgia

February 7, 2026

Winter Olympics: As a tribute to Giorgio Armani, Mariah Carey rocked San Siro

February 7, 2026

Weather: Spring in winter with temperatures up to 22 degrees at the weekend

February 7, 2026

Boos for Israel and JD Vance at Winter Olympics Opening Ceremony

February 7, 2026

Ministry of Finance: Six privatisations and five tax cuts in focus for 2026

February 7, 2026

US Ambassador begins tours across Greece: From Zappeion to Washington, the vertical corridor

February 7, 2026
All News

> Greece

Thessaloniki’s Flyover: Greece’s largest bridge project nears completion, set to revolutionize urban mobility

A landmark project: Greece’s largest infrastructure endeavor

February 7, 2026

What kind of tourism do we want – Experts from around the world speak out: “Stop issuing permits that will turn Greece into Costa del Sol

February 7, 2026

Weather: Spring in winter with temperatures up to 22 degrees at the weekend

February 7, 2026

Felony charges and suspension for Air Force Colonel over espionage for China – How he confessed everything

February 6, 2026

Kakousis steps away from journalism while involved in the Panagopoulos case and declares his innocence

February 6, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα