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Budget
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EconomyProgramme
Greece and lenders make headway on review but labour reforms remain biggest obstacle After a three-day break, discussions between Greek ministers and the mission chiefs resumed on Sunday, when the key focus was on labour and fiscal issues.
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EconomyProgramme
Talks on bailout review head for crucial weekend After a temporary break on Thursday, when discussions between the Greek authorities and lenders continued at technical level, negotiations are expected to intensify over the weekend ahead of the tabling of the 2017 budget on Monday.
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EconomyMacroeconomy
Budget primary surplus to Oct hits 6.5 bln as revenues deliver again Greece’s budget primary surplus surged 43.4 percent to 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
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EconomyProgramme
Second review to resume in Athens under severe time pressure The institutions’ mission chiefs are expected to return to Athens early this week to resume discussions with the Greek authorities on the second programme review.
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EconomyMacroeconomy
Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible The Greek Fiscal Council published on Tuesday its first semi-annually report on fiscal and macroeconomic developments, presenting its views on the 2017 draft budget and whether targets will be met this year and next.
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EconomyProgramme
Houliarakis provides clearest view so far on Athens's debt relief expectations Alternate Finance Minister Giorgos Houliarakis made the current government’s clearest statement so far on what it expects in terms of debt relief and how it believes this could help the country in the future.
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EconomyMacroeconomy
Revenues beat target for second straight month in Oct with 739 mln over-performance Greek budget revenues beat their target comfortably for the second successive month in October, according to General Secretariat of Public Revenues (GSPR) figures provided by the Finance Ministry (MoF) on Thursday.
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EconomyMacroeconomy
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
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EconomyMacroeconomy
Parliament's budget office sees obstacles to recovery, warns on private debt In its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals.
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EconomyProgramme
Some progress in first round of talks but most second review issues remain unresolved Following the first round of discussions on the second programme review, which began on October 21 and concluded last Thursday, Finance Ministry sources claimed significant progress was made on most issues.