OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
IMF urges caution on public finances
DBRS moves Greece a notch closer to investment grade as Moody's holds off
Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Greece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion month on month (MoM) to 1.93 billion at the end of 2014 from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) preliminary budget bulletin published today.
More importantly, the year to date primary surplus outperformance of 691 million by the end of November turned to an underperformance of 3.01 billion for the whole year.
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