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Parliamentary questions
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6 June 2018
Question for written answer P-003081-18
to the Commission
Rule 130
Nikolaos Chountis (GUE/NGL)

 Subject:  Assessment by the Hellenic Financial Council
 Answer in writing 

According to the assessment by the Hellenic Financial Council(1) of the forecasts of the Medium Term Expenditure Framework (MTEF) 2019-2020, containing public expenditure to the level of EUR 86-87.5 billion and increasing public revenues at a rate of 1.35%, as provided for in the Medium-Term Framework, will lead to fiscal over-performance.

In particular, for the 2018-2022 period, instead of primary surpluses of 3.5% of GDP, the Hellenic Financial Council predicts that primary surpluses will be generated amounting cumulatively to EUR 7.9 billion by 2022.

Given that discussions on relief measures for the Greek debt are still under way and also that its viability is directly determined by the primary surpluses to be realised by the Greek Government, can the Commission say:

Does it intend to revise the Greek debt sustainability analysis to include the overshooting of fiscal targets?

Have the ‘Institutions’ (the Commission, ESF, IMF) or States (e.g. Germany) voiced any thoughts about replacing debt relief measures by a greater budgetary effort by Greece?

When will the separate official analyses of the sustainability of the Greek debt by the Commission, the ECB and the IMF be announced?


Original language of question: EL 
Last updated: 8 June 2018Legal notice