Troika may impose new austerity measures on Greek government if it fails to fill €1bn funding gap

The Troika of the European Commission, the International Monetary Fund, and the European Central Bank may try to impose new austerity measures on Greece if Antonis Samaras’s government is unable to fill its €1bn funding gap, according to a draft memorandum seen by the Kathimerini newspaper.

The funding gap has been primarily attributed to the debts of the country’s main healthcare provider EOPYY.

A potential method of reducing the funding gap likely to be proposed is the payment of the emergency property tax for 2013 in four instalments rather than five, which would narrow the gap by an estimated €400m.