Lenders are back in town

A new proposal for additional fiscal measures worth 3 billion euros is going to be discussed, if the target for a 3.5% surplus of GDP by 2018 is not reached.

Greece’s lenders return following a break in the bailout negotiations for the International Monetary Fund’s spring meetings.
The goal is to reach an agreement by the next Eurogroup meeting scheduled to take place this coming Friday, April 22nd.

The key issues that need to be settled by Athens and the institutions concern income tax, pension reforms, nonperforming loans (NPLs) and the creation of the new privatization fund.

Moreover, the draft legislation on social security and public sector pensions that has come to light provides that people planning to enter early retirement will see their pensions drastically slashed.