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Budget
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EconomyMacroeconomy
Budget primary balance up to Feb beats target by 1.09 bln on back of underspend The budget primary balance for the first two months of 2022 came to a surplus of 847 million euros, compared to a deficit of 1.5 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.
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PoliticsGreek Politics
Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU Details are emerging of the government’s plans for further economic support measures to cushion the effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks, the stance adopted by the EU will be crucial in determining how far the Finance Ministry can go to counterbalance cost-of-living rises.
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PoliticsGreek Politics
Govt readies additional inflation relief package, draws up new budget The government is set to announce later this week the enhanced package of relief measures aimed at cushioning the impact of the war in Ukraine on Greek businesses and households but also insulating New Democracy from potential voter dissatisfaction.
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PoliticsGreek Politics
Hopes of EU providing immediate relief wane as economic challenges multiply The first day of the EU leaders’ summit in Versailles on Thursday did not produce particularly encouraging developments for the Greek government, which is hoping that Europe will step in to provide solutions on the fiscal front as the energy crisis and runaway inflation fuel political concern.
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PoliticsGreek Politics
Govt weighs escalating impact of Ukraine war on public finances The government is racing to keep up with estimates of the impact of war in Ukraine on the budget, as another week of hostilities has sent the prices of energy and basic goods soaring and businesses warn of more price hikes on the way.
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PoliticsGreek Politics
Govt mulls more tools against inflation as cost of living set to soar The markets’ reaction to conflict in Ukraine has sent the government in search of additional policy tools to shield consumers from galloping inflation.
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PoliticsGreek Politics
Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level As well as making a landmark foreign policy move over the weekend by deciding to supply Ukraine with arms following the Russian invasion, the Greek government has been mulling the economic impact of the war.
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EconomyMacroeconomy
Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted The budget primary balance for the first month of 2022 came to a small surplus of 15 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.
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PoliticsGreek Politics
Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances Prime Minister Kyriakos Mitsotakis has made it clear that politically his government will stand with the European Union and NATO over Russia’s invasion of Ukraine as his ministers scramble to find ways of mitigating the economic impact of the war.
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EconomyMacroeconomy
Jan budget execution impacted by unplanned pandemic spending and snowstorm The budget primary balance for the first month of 2022 came to a small surplus of 17 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.