PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
Greece’s budget execution to November showed a primary surplus of 1.21 billion euros from a deficit of 1.42 billion last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
The state budget deficit narrowed 63.3 percent to 4.72 billion from 12.85 billion in the corresponding period last year. However, these figures exclude the SMP and ANFA income of 1.5 billion (not incorporated in Greece’s 2013 fiscal targets), which are ...
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