More lost ground made up in Aug as travel surplus nears 3 bln
Current account surplus at 1.41 bln in Aug on back of improving travel receipts
Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
Hirings balance turns positive by almost 20,000 in Sept, boosted by seasonal factors
Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
The Finance Ministry unveiled on April 30 the Medium-Term Fiscal Strategy (MTFS) for 2015 – 2018, which was also tabled in Parliament. The government aims for the program to be voted through the House by May 5 to coincide with the date of the next Eurogroup, where the Greek Finance Minister Yannis Stournaras is expected to officially raise the issue of more debt relief.
The released MTFS outlines the key fiscal targets for the next years without providing more color on specific policies and interventions or their anticipated outcome. A similar policy was also followed with the 2014 budget, making it difficult to draw c...
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