Negotiations with creditor quartet on additional measures begin
The institutions have returned to Athens to being negotiations on a series of additional measures, which the Greek government…
The institutions quartet have returned to Athens to being negotiations on a series of additional measures, which the Greek government will be called upon to implement, should it fail to reach its fiscal targets outlined in the July 2015 agreement.
These measures – on top of the 5.5 billion euros worth of measures which the government has to take as part of the bailout agreement – are expected to be worth 2.7 billion euros, will act as a ‘precaution’ at the demand of the International Monetary Fund.
According to Greece’s international creditors, this package of additional measures will only come into effect if the Greek government does not achieve its goal for a 3.5% of GDP primary surplus in 2018.