December Eurogroup

With the final decision on pension cuts expected to be taken at the December Eurogroup, it emerged on Tuesday that Berlin is reportedly willing to drop its objections to Greece's request to scrap the measure, slated for January, under the condition that fiscal targets will not be compromised and as long as it is not seen as a precedent to roll back reforms. 

While the IMF has asked for 4,2 billion Euros worth of austerity measures for 2019-2020, a government official assessed that neither the Syriza government nor any other can sign off on it in the event that the demand for a primary surplus of 3.5% in 2019-2020 still stands.

Athens wants to agree with its eurozone peers on a roadmap that will lead Greece out of the economic crisis and back to the financial markets, according to a government source. For that to happen, though, a series of targets have to be met first.

After the failure to receive any kind of promises regarding a debt relief by his EU partners at the Brussels 2-day EU Summit, Greek PM Alexis Tsipras returns to Greece to weigh his options and plan the government’s next move.

Prime Minister Alexis Tsipras left Brussels on Friday without securing any firm commitment as regards Greece's debt problem but signaled nonetheless that he expected "positive developments" in early December.