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3rd programme review concluded; projected fiscal gap in 2013-14 covered without new austerity measures

Greece Focus Notes

26 Απριλίου 2013
This note provides a detailed overview on the policies agreed between the EC/IMF/ECB troika of official lenders and the Greek authorities, in the context of negotiations leading to the successful completion of the 3rd economic adjustment programme review. With a final agreement having been reached, the next hurdle Greece’s coalition government needs to overcome is the Parliament’s approval of a multi-bill containing the required legislation for the implementation of a number of agreed prior actions. Given the Greek government’s determination to deliver on its commitment, we expect the multi-bill to easily pass through Parliament, paving the way to the release of €8.8bn in official funding over the next few weeks.
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