IMF: We are not asking Greece to take extra measures
The International Monetary Fund (IMF) explained on Thursday that it is not asking the Greek government to take extra measures to fill the budget gap resulting from its difference with the Europeans in the percentage of the primary surplus.
The IMF is asking for a primary surplus of 2.2 of GDP in 2018 compared to the Europeans who are asking for a 3.5 pct of GDP primary surplus.
The Fund also reminded last summer's report according to which there was an agreement with the Greek authorities on the issue. Provided that Greece meets its political commitments (reforms) and achieves the Fund's financial target (2.2 pct of GDP primary surplus ) and at the same time fails to meet ESM's 3.5 pct surplus target), then the Europeans have agreed that Greece's access to ESM tranches will continue and the targets of the ESM programme will be re-examined.
The target for the primary surplus has been agreed at 1.8 pct of GDP this year. It will be supported by the already legislated reforms in pension, VAT and tax system. The target for next year's primary surplus has been set at 2.2 pct of GDP.
Source: Mignatiou.com
Source: amna-mpa
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