The Greek government presented its eagerly-awaited medium-term fiscal plan for 2012-15. The plan, which constitutes a key conditionality under the present EU/IMF-backed stabilization programme, aims to bring the fiscal position to a more sustainable path and eliminate the excessive deficit by the end of the reference period. The medium-term strategy also incorporates an ambitious program of privatizations and management of state assets, targeting significant state revenue that can be used to reduce the public debt ratio by as much as 20pts-of-GDP until 2015.
