Greek gov't prepares proposals to plug fiscal gap
The government is preparing a convincing package of measures to lead to the reduction of next year's fiscal gap, estimated at 0.5 percent of gross domestic product. As one eurozone official said, Greece will have to complete and forward its draft budget, complete with the bridging of that gap, by October 15.
Finance Ministry officials say the gap will be plugged by improving revenue collection rates, increasing online transactions and expanding investments that will lead to GDP growth.
The same official told reporters in Brussels that Greek fiscal matters will not form part of next Wednesday's Eurogroup meeting in Luxembourg, noting that the provisional report "that we have in our hands by the institutions is positive, but there is a fiscal gap identified in the 2020 budget." Kathimerini understands there will be staff-level conference calls taking place in the coming...