Darvas, Zsolt, Hüttl, Pia.
The Greek debt reduction issue has been put back on the table as the 25 January 2015 parliamentary snap elections are approaching. Already in November 2012, Eurogroup conclusions stated that “Member states will consider further measures and assistance … if necessary, for achieving a further credible and sustainable reduction of Greek debt-to-GDP ratio, when Greece reaches an annual primary surplus, as envisaged in the current MoU, conditional on full implementation of all conditions contained in the programme.” Since Greece achieved a primary surplus of 2.7 percent of GDP in 2014 (which is expected to increase further in 2015), and there are uncertainties related to the future debt trajectory of Greece, the Eurogroup could consider further measures, irrespective of which party will win the elections, as long as a comprehensive agreement on fiscal, structural and economic policies can be reached between the Troika and the new Greek government.
Πηγή: Bruegel