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Tag Archives: primary surpluses

IMF’s Thomsen “suffers from short-time memory loss,” says Tsakalotos

Head of IMF’s Europe department “Poul Thomsen suffers from short-time memory loss,” said Syriza MP and former finance Minister Euclid Tsakalotos. He was commenting on Thomsen’s claims that the Greek government agreed to high primary surpluses targets during the negotiations in the first half of 2015. Greeks accepted the high …

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Greece’s State Budget Office favor the lowering of primary surpluses

The Head of the Greek Parliament State Budget Office, Frangiskos Koutentakis, said that “the 3,5 percent of GDP primary surplus target remains reachable but with increased risk.” The State Budget Bureau said it favors the need to lower primary surplus targets, more so due to the fact that the relaxation …

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“Primary surpluses are too high,” says Moscovici, blames IMF, Greek gov’t

EU Commissioner, Pierre Moscovici, surprised Greeks when when he said that some of the primary surpluses demanded from the country were “too high.” The Commissioner for EU financial Affairs was addressing members of the Greek Parliament on Thursday when he said that some of the primary surpluses demanded from the …

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Merkel: “A proof of trust Greece is given several decades to recover”

German Chancellor Angela Merkel said that long period of primary surpluses was necessary fro Greece in order to reduce debt. She denied she had any deal with Prime Minister Alexis Tsipras to postpone Value Added Tax hikes in exchange for asylum seekers’ returns from Germany. At her annual summer press …

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