×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
18
Jan 2026
weather symbol
Athens 6°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

PM Tsipras disregards IMF gloomy projections and makes financial promises

Greek government and IMF prepare to clash in new round of talks

Newsroom October 12 08:02

Greek PM Alexis Tsipras intervened from Thessaly following the bleak projections by the IMF on Greece’s primary surplus. In an effort to bolster the image of the Greek economy, Mr. Tsipras opted to selectively focus on the positive aspect of the data realised by the IMF that Greece would achieve a GDP growth rate of 2.65% for 2018, deliberately ignoring the Fund’s revised negative forecasts that the current surplus would reach only 2.2% against the initially estimated 3.5%, something that would force the government to implement a series of new harsh measures. “Even our ‘arch friends’ the IMF, which has systematically underestimated its projections for Greece from 2015 onwards, predicts that growth for 2018 will reach 2.65%. I believe that we will have more”, predicted Mr Tsipras, while he estimated that in 2017 the GDP would close around 2%. The Prime Minister appears overly optimistic about the course of the economy, as he it is essentially the only defence he has. However, the figures he bases this optimism on are far from solid, as the revenue shortfall in recent months shows that the policy of over-taxation has been abused, as Greek taxpayers have exhausted the ability to pay. It has become apparent that the Greek government and the IMF are preparing for a tough round of talks on the 3rd reviews, with the main question being what stance the European institutions will take given the replacement of former German Finance Minister Wolfgang Schauble.

Ask me anything

Explore related questions

#Alexis Tsipras#economy#GDP#greek PM#imf
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Erfan Soltani confirmed alive by Iranian Human Rights Group after days of uncertainty

January 18, 2026

Rescue operation underway for eight hikers on Mount Taygetus; four injured

January 18, 2026

Piers Morgan recovering in hospital after serious fall in London

January 18, 2026

Prime Minister Mitsotakis’ agenda: From talks with farmers’ representatives to Davos for investment outreach

January 18, 2026

Iraq veterans report long-term health concerns after a lack of medical screening for toxic exposure

January 18, 2026

Skirtsos: ‘After years of efforts, the first results on maritime safety are starting to become visible’

January 18, 2026

Politico: Europe for the first time considers tough response to Trump on Greenland tariffs, what is the Anti-Brexit Act

January 18, 2026

The backstory behind Trump’s decision not to attack Iran: The camps in the White House, the SMS from Tehran, and the calls from Arab allies

January 18, 2026
All News

> World

Erfan Soltani confirmed alive by Iranian Human Rights Group after days of uncertainty

The statement follows days of uncertainty and conflicting reports about the fate of the detained protester

January 18, 2026

Piers Morgan recovering in hospital after serious fall in London

January 18, 2026

Iraq veterans report long-term health concerns after a lack of medical screening for toxic exposure

January 18, 2026

Politico: Europe for the first time considers tough response to Trump on Greenland tariffs, what is the Anti-Brexit Act

January 18, 2026

The backstory behind Trump’s decision not to attack Iran: The camps in the White House, the SMS from Tehran, and the calls from Arab allies

January 18, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα