Parliamentary Budget Officer

Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office, with experts viewing the development as a sign of deterioration for the country's private economy.

The prime minister may be raising the stakes in the clash with opposition parties, while the government still hasn't revealed its "holistic" master plan for growth, but the Parliamentary Budget Office (PBO) on Monday called for a minimum consensus on a long-term strategic plan that would exceed the mandate of one government, as it states.

The Parliamentary Budget Office warned on Tuesday that the government's agreement with the country's creditors amounts to an extension of Greece's austerity that will weigh on the economy as it entails heavier tax burdens and fails to eliminate uncertainty, mainly regarding taxes.

If Greece is to exit its financial crisis, it will require a restructuring of the national debt combined with substantial reforms, according to the Parliamentary Budget Office, which warned on Wednesday in its intermediate report on the Greek debt that restructuring alone is not the right recipe.