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Tag Archives: austerity measures

“IMF never asked additional spending cuts in Greece,” claims Lagarde

Despite deep cuts having been made in state spending in Greece, the International Monetary Fund’s (IMF) managing director Christine Lagarde has claimed that it wasn’t on account of the Fund. Speaking to reporters on Thursday in Washington DC, where she is taking part in meetings between the IMF and Washington …

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IMF trolls Greece claiming ‘it does not ask for extra austerity measures’

The International Monetary Fund insists on additional austerity measures and reiterates that the primary surplus of  3.5 percent of GDP cannot be achieved. In its Greek report published on Thursday, the IMF projects a primary surplus of 2.2% of GDP in 2018. IF the IMF’s forecast is not revised, Greece …

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Ministry of Public Order bans meeting of police union at Exarchia Square

Greek Ministry of Public Order decided to forbid a planned meeting by the police union at Exarchia Square. Citing reasons of “public safety” the ministry put an end to the controversial meeting scheduled to take place tomorrow Thursday in the Athens district which considered as “anarchists’ castle.” With its decision, …

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Monster Midterm Plan 2018-2021 in Greek Parliament, austerity €4.9billion

The omnibus bill and midterm plan for 2018-2021 has been submitted to the Greek Parliament. The relevant parliamentary committees are to examine 941 pages containing measures for fiscal targets and so-called reforms, the mid-term fiscal strategy framework and other provisions, before the plenary will vote it on Thursday, May 18 …

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No debt relief, no IMF participation and therefore no implementation of €3.6bn measures, says PM Tsipras

Greek Prime Minister Alexis Tsipras made it clear: the additional austerity measures for 2019-2020 will not be implemented if there is no measures for debt relief.  Then, without debt relief the IMF will not participate in the Greek program. “It is not a figure of speech, we will implement the …

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Greece’s Parliament to vote for the additional austerity measures on May 18

The additional austerity measures for 2019-2020 the Greek government agreed upon with the country’s creditors will be brought to Parliament on May 15 for debate. A vote by the Plenary will take place on May 18 2017, just four days before the crucial Eurogroup meeting on May 22. Parliament President …

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IMF report: Greece’s debt ‘highly unsustainable’, cut pensions, tax increases for the poor

‘Greek public debt is highly unsustainable, the International Monetary Fund said in a report to be discussed during a board council meeting in Washington later today. The report, exclusively presented by Athens News Agency, said that the Greek economy faced four challenges. The country’s public debt was highly unsustainable the …

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Tsipras: Greece will not enact “a single euro extra revenue raising measures”

Prime Minister Alexis Tsipras promised that “Greece will not enact a single euro extra revenue raising measures.” Moreover he said that he was “ready for elections” although early elections would be pointless at this time. Tsipras promise comes as the SYRIZA-INTERDEPENDENT GREEKS prepares to celebrate two years in power, while …

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