Cer­tainty over new mea­sures, not off­set­ting pro­pos­als

Kathimerini English - - Focus - EIRINI CHRYSSOLORA

The gov­ern­ment is at­tempt­ing to show that its so-called coun­ter­mea­sures, which are meant to boost growth, are now a given, and that the aus­ter­ity era is com­ing to an end, with spokesman Dim­itris Tzanakopou­los claim­ing yes­ter­day that “in the cer­tain case we achieve a primary sur­plus of 3.5 per­cent of GDP in 2018,” the coun­ter­mea­sures will be im­ple­mented.

In fact, at least two gov­ern­ment sources said that the coun­ter­mea­sures will not de­pend on the 2018 per­for­mance but rather on the 2019 pro­jec­tion, which is not at all cer­tain. They added that it is the new aus­ter­ity mea­sures that are cer­tain, in­clud­ing tax hikes, with only the mech­a­nism left to be agreed on. This fol­lows the leak­ing of a doc­u­ment by Eurogroup head Jeroen Di­js­sel­bloem say­ing the coun­ter­mea­sures will only ap­ply if there is am­ple fis­cal space for them (i.e. a primary sur­plus ex­ceed­ing 3.5 per­cent of GDP).

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