The Greek government will have to take additional measures worth 3 billion euros in 2015, as the creditors pressure for greater reforms in the country’s pension system, privatizations and employment relations, claims a Bloomberg report.
According to Bloomberg, which cites an official with knowledge of the recent discussion, the Greeks state has been asked to carry out 3 billion euros worth of budget cuts b the end of 2015, in order to cover the minimum 1% primary surplus goal, which the creditors have set.
The unnamed official added that if no changes are made to the Greek government’s fiscal policy, then Greece risks ending the year with a 0.5% GDP primary deficit. A second official with knowledge of the discussions revealed that there are still significant differences on labor market and the pension system reforms.
