New measures are planned
Troika document reveals commitments from the Greek government for new measures in both 2014 and 2015.
The climate in the government might be festive for the primary surplus and the social benefits that will come, but troika seems to have other plans. While in Athens everyone talked about the first “victory” of Greece against troika, as they said all the “red lines” were followed, lenders with a statement create doubts for the climate that was created in Athens in connection with success in the negotiations, because they seem to propose new measures for both 2014 and 2015.
The auditors contend that the government is committed to implement the policies needed to achieve the targeted primary surplus of 3% for 2015, including the expansion of fiscal measures that are ending as the solidarity tax. Troika argues that the Greek government undertook measures for 2014 “which are planned” to achieve the fiscal targets.
The tripartite even believes that the 2013 surplus is transferred to minimum extent in 2014 and how many of the shortfalls of this audit will be closed in the second half of the year. They even discount that there will be a new approach to the issue of collective redundancies, because reforms in labor issues have been left behind. According to Real, the paragraph troika devotes in banks is crucial. In very strong language, the auditors said the red loans may soon create new capital requirements in Greek banks far beyond the results showed from the stress test of the Bank Greece.
Indeed they draw attention to the Bank of Greece in the supervision of the banking system and seek to require Greek banks to rapidly adjust their troubled assets. Troika indicates that the anticipated injection of fresh capital into private banks is a sign of confidence and the remaining funds in the fund financial stability will remain intact for the time being, so they could be used in future adversities.
It’s obvious that in order to achieve the infamous agreement with troika, Greece once again promised new measures. Just two days ago, Evangelos Venizelos insisted that new measures will not be taken, but troika denied him. Who do they think they laugh when they talk about success in the negotiations, themselves or the Greek people?
