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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
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ND tries to stay on top of wildfire as court battle looms over Competition Commission
PoliticsGreek Politicsof Athens, that damaged a few buildings. There was also a large fire on the island of Elafonissos over
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Feb budget primary surplus confirmed at 840 mln, as revenues overperform
EconomyMacroeconomyThe budget primary balance for the first two months of 2022 was confirmed to be a surplus of 840 million euros, compared to a deficit of 1.5 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution d...
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Primary budget deficit at 1.69 bln euros in Q1 as tax revenues continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 came to a deficit of 1.69 billion euros, compared to a deficit of 3.41 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data re...
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March budget primary balance short of target, but taxes continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released...
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Banks step up securitisation drive following pandemic interruption
EconomyBankingin November last year. Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV... for the 1.9 billion euros of Orion and the 5.7 billion euros of Galaxy II, the submission for Galaxy IV
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Tsipras faces lenders' wall in Brussels as political tension grows in Athens
PoliticsGreek PoliticsA new round of marathon talks are due to take place in Brussels on Thursday after a failure to reach an agreement on Wednesday. Prime Minister Alexis Tsipras held two sets of talks totalling about six hours with European Commission president Jean-Claude...
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Effort to unite PASOK and Potami seems to have hit a wall
PoliticsGreek PoliticsThe project to unite PASOK and To Potami in order to create a dynamic third force in Greek politics with the potential to be a key governing partner or kingmaker appears to be in danger of collapsing. Only a few days after the leaders of the two parties...
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