Programme
Greece’s first bailout, lenders and their pledge to maintain debt exposure
The Wall Street Journal and El Pais published over the weekend a revealing record of the minutes from the International Monetary Fund’s board meeting in May 2010, which sealed the organizations participation in the first Greek bailout.
Greece and troika agree 2013 primary surplus will be just 500 mln - here's why
Just as the Finance Ministry in Athens announced on Wednesday a final budget execution to August that blew away primary surplus targets by a margin of 5.36 billion, which is the equivalent of 2.9 percent of Greece's expected GDP, reports suggested that Yannis Stournaras agreed with the troika that the full year primary surplus would be in the region of 400 to 500 million, which is no more than 0.27 percent of GDP.