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ESM
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EconomyProgramme
New Democracy tax pledges put spotlight on available fiscal space Following the announcement by Prime Minister Kyriakos Mitsotakis on Saturday of immediate tax cuts, with others to follow, focus is turning to the government’s ability to find the fiscal space necessary to implement the measures while also meeting the primary surplus target for this year and 2020.
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EconomyProgramme
New government holds first talks with creditors, may opt for cautious fiscal approach Greek government officials held introductory talks with the representatives of the institutions on Thursday as New Democracy fleshes out its plans to address key economic issues.
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EconomyProgramme
Lenders urge new government to meet fiscal targets as Athens issues 7-year bond Just a few days after coming to office, the new government is aiming to take advantage of the positive sentiment in the markets by tapping investors with a 7-year bond.
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PoliticsGreek Politics
Fiscal targets and tax cuts on agenda as Staikouras meets Regling The new Greek government is due to hold its first meeting with representatives from the European creditors on Monday as it tries to convince the institutions that it can proceed with its plans for tax cuts without putting the fiscal target at risk.
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PoliticsGreek Politics
Mitsotakis, ND officials rebuff suggestion of credit line Kyriakos Mitsotakis and senior New Democracy officials have distanced themselves from the suggestion that if their party wins the elections it will apply for a precautionary credit line from the European Stability Mechanism (ESM) and use at least part of Greece’s cash buffer to help banks deal with their non-performing loans.
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EconomyProgramme
Regling underlines concerns about fiscal target after voter-friendly measures European Stability Mechanism (ESM) managing director Klaus Regling has repeated his warning that Greece’s is veering away from its fiscal targets following recent measures that Athens adopted without consulting the institutions, leaving the next government with some tough decisions to make.
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EconomyProgramme
Primary surplus target still on lenders' agenda despite snap elections There have been reports that the European Commission might not publish its third enhanced surveillance report next week, but it is certain that the issue of meeting this year’s fiscal targets will not disappear for the current Greek government or its successor.
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EconomyProgramme
Payment plans for overdue debts launched as Athens looks for revenue boost There appears to have been keen interest in the schemes launched this week allowing taxpayers to settle their unpaid taxes and social security contributions in up to 120 instalments, possibly boosting the government’s efforts to convince the institutions that Greece will be able to meet its fiscal targets this year.
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EconomyProgramme
Athens warned about missing fiscal targets rather than changing them unilaterally Thursday’s Eurogroup resulted in a warning from European Stability Mechanism managing director Klaus Regling that Greece may miss its primary surplus target this year as a result of the so-called positive measures adopted.
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EconomyProgramme
Debt relief measures move ahead as Athens prepares to use fiscal space Greece has received the green light for the latest round of debt relief measures and is set to move ahead with plans to repay part of the loans it has received from the International Monetary Fund early.