Fiscal gap

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.

Greek finances: Mind the 5-7-bln-euro gap, lost in numbers

The more the new Radical Left Coalition (SYRIZA) government focuses on the figures, the nearer it gets to introducing more austerity measures. The most crucial stage of negotiations with Greece's international Greek creditors came on Wednesday as Finance Ministry officials gazed at a fiscal gap of 5-7 bln euros.